Company Report
Last edited 4 years ago
PerformanceCommunity EngagementCommunity Endorsement
ranked
#297
Performance (59m)
5.1% pa
Followed by
89
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#Bull Case
stale
Added 4 years ago

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
#Financials
stale
Added 4 years ago

Implied valuation using some very conservative estimates.

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