Yeah bit underwhelming going by sp surge over past few days into results day.
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Looks ok.
https://www.nzx.com/announcements/377957
If by ok you mean 'ho hum' or ' could do better' then you are right. It certainly doesn't warrant the recent SP run, thats for certain. That said, I think the longer term prospects are probably rather positive on balance as long as the risks they speak of do not materialise to any great degree (but that is very uncertain...inflation/wage pressure/labour shortages/Covid/further supply chain issues/interest rate increases/leasing constraints)
$353M of revenue is a lot of money to churn over, just to produce less than $1M Npat.
Compare that to SDL, just $35M rev to yield $2+M Npat.
As transport insiders say, " we are just busy fools".
I agree Left Field. I wouldnt be buying the stock at current pricing on that announcement. Happy to remain a holder at average buy in of around $1.30
Average results, but very encouraged by the CEO and areas targeted for improvement.
As evidenced by the release to the NZX this a.m, this current outbreak is really showing the glaring difference between the likes of MFT and MOV. I still like the MOV story, longer term, but there is some real headwinds to get through first. A company with such high debt levels cannot afford sustained drops in revenue