Does not work for me.
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Centralised electronic booking system (prob an app)
Reported EPS down 8%
Share price up from a year ago ...market rerating continues ...sentiment is good
They acquired 10 new practices this half... 50/50 between NZ and AUS with underlying earnings moving on up.
Influx of cash from the August cap raise ( 20% dilution ) was barely touched in the 1H so we are expecting plenty more acquisitions this half.
With the focus being on Maven in AUS... the benefit of the cap raising has not yet come to life.
I think they’ve spent most of Cap raise money
Started year off with $7m cash and operations generated $12m which gives $19m. Acquisitions/ capex etc used up $29m (sub total -$10m).
They raised $34m and reduced debt by $11m this and paid out $4m in divies (total these $19m)
After all this $9m left in the bank’s at November
As said before expecting $17m from the sale of that thing they didn’t want which would give them about $26m ...,plus a bit generated this half .....not much more than they spent on acquiriribg practices and capex in first half
(From Company Interim;Accounts)
Attachment 9539
buy side is looking a bit skinny now..... reckon it might drop a bit further?