Good problem to have.
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NPAT $16.1m - that's a cracker, isn't it?
Analysts have egg all over their faces, the achieved EPS is 50% over analyst consensus. I recon this will lead to some cautious adjustments of buy recommendations in the coming days / weeks.
STU - can't have too many (well, not now).
They mention acquisitions... money may be earmarked for that.
Not massive margins in the construction industry ATM...
Yes good result indeed.
They also mentioned they are exploring capital management opportunities.
IMO this company shouldn't be wholly equity funded, they should be holding a prudent level of debt (say $50m) and return the surplus equity to shareholders. Shouldn't be even thinking about acquisitions given their history - Jeez they've only just managed to start managing the company they have! and that's with a big tailwind (unless it's STU being acquired by a bigger that they are thinking about, I'd be on board with that)
What's happened to the ebit target of $40m they were going to achieve by now?
Agree, but FBU has a much wider exposure to the construction industry than STU
Very happy holder and had been somewhat surprised at the recent dip from 1.20 to 1.12. Let's see where we end up today. Future looks bright.