Indeed ....though I'll be saying 'was always good buying at 110 eh'
Hope t rockets up fast - patience is not a virtue
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Anticipation building ahead tomorrow's presentation by Mark and also Vulcan listing. Let's hope it doesn't turn out to be fizzer....
So sales up 14% on last year for first 4 months of you
Pity they didn't mention margins seeing they keep on saying the focus is on growing GM $s
Assume GM up 20% then ....well on way to the NPAT $35m to $30m I reckon they will do in F22
Big spike in share price on way
Looking at the chart they put up and admiring the red line I've updated my F22 NPAT forecast to $30m to $35m and as they say in the biz 'a risk to the upside'
That's an EPS of 20 cents (good they pay no ta) ....PE of just 10 gives a share price of $2 .... makes maths easy eh
Positive outlook with number of identified opportunities
• Long pipeline of secured contract work in place
• Well positioned to take advantage of identified opportunities in a range of sectors
• Focus remains on continued gross margin dollar improvement, leveraging digital platform, product and sales growth
• Expect continued earnings momentum and dividend flow
• Investigating potential capital management activities
First thoughts are sales up 14 percent including level 4 lockdown when sales plummeted. Expenses substantially reduced. And generally a very positive update. Hopefully at 11am we get some info on Margin and expenses going forward.