Net Profit after Tax for the first half is likely to be in the range of $3.1 to $3.3 million compared with the prior correspondingperiod’s result of $3.55 million. Revenue is likely to 24% higher with gross profit margins down from 45% to 42%. Cashflow has been strong to the end of October and likely to be 25% higher on the prior corresponding period.
However the Chairman, Mr Bruce Higgins; stated that Legend’s full year NPAT is expected to be greater than achieved in FY 2015.
Mkt cap of $54.8m at 24cps is a bit of a joke. Would expect dividends to be maintained 7.3% ff - I will take that.
LGD Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
