Interesting article how Vulcan grew from a scratch …and Peter Wells early connections with Steel and Tube
https://www.nzherald.co.nz/business/...3T2LCTAIL56HU/
Hopefully not paywalled
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Interesting article how Vulcan grew from a scratch …and Peter Wells early connections with Steel and Tube
https://www.nzherald.co.nz/business/...3T2LCTAIL56HU/
Hopefully not paywalled
Vulcan ASM today
• Reaffirming FY23 EBITDA guidance of NZ$215m - NZ$235m (compared with NZ$243m recorded in FY22)
So ebitda could be 12% less than last year
Start of tougher times over next year or two
I see that the share price at the moment isn't that far above the IPO price
At least as they proudly pointed out at the ASM those who got at IPO price got a dividend with a 11.6%
.... and share price done well - VSL share price: +31% vs Peer & +11% vs S&P/ASX 300 since IPO and 22% ahead of NZX50 Gross Index
Inclusion in NZX50 doing wonders for share price
Be 10 bucks by Christmas
Vulcan an Australasian-wide industrial product distributor and value-added processorannounced today the company’s financial performance for the six months ended 31 December2022 (1H FY23).
Adjusted EBITDA was NZ$115 million (m), down 3% from NZ$118m in 1H FY22
Adjusted NPAT NZ$54m, down 22% from NZ$70m in 1H FY22
Reported EBITDA was NZ$115m, up 12% from NZ$102m in 1H FY22
Reported NPAT of NZ$54m, in line with the level recorded in 1H FY22
Revenue of NZ$638m, up 38% from NZ$463m in 1H FY22
http://nzx-prod-s7fsd7f98s.s3-websit...616/388433.pdf
https://www.nzx.com/announcements/406614
Bob, on the face of it seeing there’s 5 months of Urlich included not the greatest result
Things don’t look too hot in the market
Market is disliking the result.
If STU presents an average result n same outlook like Vulcan....then SP will follow the downhill
So Vulcan going to report that NPAT is about 15% DOWN on guidance issued a few months ago.
http://nzx-prod-s7fsd7f98s.s3-websit...750/398545.pdf