Is smash the same as about the same?
They said in their guidance ‘EBITDA similar to FY19’
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They didn't say this, but I'm picking their new mantra is "under promise and over deliver."
If that proves to be the case, then even after paying the salaries for the two new execs, we should anticipate a second half result that substantially exceeds the the pcp.
I think BLT has finally turned the corner and we may not see the SP roller coaster ride this time - not to the same extent anyway.
You’d hope they are under promising because selling heaps more for NO extra profit is not good look. They did say similar ebitda
Latest quidane - “We have previously stated that for the 12 months to 31 March 2020 the Board is expecting sustained profitable growth and an EBITDA similar to FY19. We reaffirm this guidance on the basis of continued strong revenue growth from the ongoing investment in market expansion and pipeline development”.
I would have thought their margins/EBITDA would ramp up pretty substantially with greater sales and more volumes?? ie pretty cheap to produce a few tablets, turn the machine on for a bit longer......
That's only been true of A2 for the last few years, before that they were quietly plugging away building the market and reinvesting every penny. It was only after the IF really went crazy that they started spewing cash. During the earlier phase the share price was around 40-60c. I doubt Blis will replicate their success, but even a vague imitation could be quite profitable.
Looks like the latest sugar rush is over. Have to wait for the half-year report on 19 November for the next one!
More momentum this morning all appears to be good news...
https://www.nzx.com/announcements/344462