Great result. They do say the first half result is likely to be better than 2nd half... That is in the presentation, not the announcement so that did taper my excitement just a little. Happy holder.
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Great result. They do say the first half result is likely to be better than 2nd half... That is in the presentation, not the announcement so that did taper my excitement just a little. Happy holder.
Also worth mentioning "
Total Net Debt for H1 FY18 was $49.7 million, a substantial reduction from $147 million at the same time in FY17.
Massive result and these are my back of envelope calculation for sp. They've done NPAT $40.7mln for FH and have assumed they would do $50mln NPAT for SH (slightly higher growth). This gives us an annual NPAT of $90.7mln and on 179,223,028 shares on issue that equates to an EPS of 50.6c. And on a forward PE of 22, that would equate to price of $11.13 in 6 months time.
I Would say $10 is immediate short term target.
PS - Point me out if I've screwed up my numbers and calculation.
They do say first half will be higher than second half. so I'm guessing $75M for the year.
Ok, I'm picking they would do at least $80mln based on the fact that new Akl plant became operational in Oct last year and would've hit full scale as of now. Hence my assumption that they would do at least same as FH if not more. $80mln NPAT gives us 45c EPS and apply an appropriate PE as it deserves.