Seems pretty good result
And a divie
Could be a big mover today
Glad I brought this up when I did
http://nzx-prod-s7fsd7f98s.s3-websit...553/329102.pdf
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Seems pretty good result
And a divie
Could be a big mover today
Glad I brought this up when I did
http://nzx-prod-s7fsd7f98s.s3-websit...553/329102.pdf
I will, I emailed him as he was busy on the phone. I think it has to do with the current portion of the Lease Liability which is about $5m which makes about sense. The IFRS16 thing does complicate matters. I really like the operating CF though. I hope the "investments in Assets" are real assets and not just maintenance expenses.
Seems I was wrong. The fall in NTA has to do with the Weighted Average number of share difference between FY20 and FY19 due to the capital raise.
Share price has firmed a bit over the last week, with 173,000 shares traded today at 80. Still a couple of weeks until the ex divi date (1 October) for the 2.5 cps fully imputed dividend.
Presumably share price being pushed higher by yield chasers along with the potential for higher dividend payments in coming years out of increased cashflow once the capex spend falls away and opex savings are realised. I note that with $4.5m of existing imputation credits at June 2020 (equivalent to over 10 cps in imputation credits alone) that future dividends are likely to continue to be fully imputed.
Great to see the share price finally back over 80. This feels undervalued and the environment should be conducive to disaster recovery solutions (remember when we went into lockdown back in March the mobile phone network crashed). Would be good to receive more regular updates from the Company...
Agree..one gets the feeling they don't really give a hoot about shareholders. Pathetic div. What about some future plans and strategy to achieve them? Upcoming AGM will present the Board and the CEO with an opportunity to share these (if any) with shareholders, but wont hold my breath. Vital? ...yeah right. Seems just a cozy little existence for this team.
Great reading the Annual Report which was released yesterday on the NZX website. Highlights were the $29m in orders for the 2020 financial year - 200% up on the 2019 year. Also, great to see a customer from the Vital Cloud network came only 2 weeks after launch! The pic showing the vans & some of the team looked great as well. Expecting the share price to start to reflect the last couple of years of hard work in the coming weeks.