Good results - management continues to knuckle down and quietly just get on with things.
Besides the headline uplifts in revenue, earnings and profits - other positives I like in the half-yearly include:
Strong cash generation
- From 1 January 2020 to 19 February 2020, cash position increased by approximately $1.1 million. Cash position as at 19 February was $2.7 million
- Cash position will continue to build through throughout the second half. Note that debtors towards the end of the first half did increase by $0.95 million
Margin expansions across all segments
- Consumers, precious metals and capital equipment all reported increased margins
- Commentary seems to suggest opportunities for further margin expansions with new products, lower marginal costs etc
- Note that revenue growth from continuing operations has also outstripped growth in in cost of sales
Mergers and acquisitions opportunities
- Board seems to have identified their list of targets
Others
- Revenue from contracted service revenues to external customers has grown 48%
- Implementing a dividend reinvestment plan
- Reviewing capital management options for their excess franking credits - maybe either through special dividends or share buybacks