I love how us Kiwis say "not bad" while the Aussies type in hyperbole ;)
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I love how us Kiwis say "not bad" while the Aussies type in hyperbole ;)
Love that sweet sublime voice of Geoffrey while he reads me good results... I am in love
That's a massive result. SP has factored this in though? Let's see the reaction :)
They beat the already bullish Goldman Sachs forecasts and they believe the target price is A$7.25 (NZ$8.15ish). Current NZX price $8.12 seems about right.
Is it a good meeting? Can't hear or see anything on my Virtual thing:confused:.
Full presentation on NZX.Assumed you would have that. Babidge just going thru that now.
:t_up::t_up:
The below is all what you need especially Revenue and NPAT numbers...They would be $1 Bln revenue very easily for this FY and NPAT of at least 200ml. That translates roughly to 28c forward EPS and apply what PE you like, I myself like 40 or 50 and that gives a range of $11.20 to $14.00. Happy to hear others viewpoint.
NZ$ ml 4M18 4M17 % Change Revenue 262.2 155.2 68.90% EBITDA 78.4 35.5 120.80% PBT 78 35 122.90% NPAT 52.3 22 137.70%
Great virtual meeting, no problem getting into it.
Sorry got carried away thinking those numbers are for 3 months but they are for 4 months.
So my revised numbers are Revenue of $850ml and NPAT of $175ml and that gives revised forward EPS of 24c. Based on this my revised price range based on PE of 40-50 is
$9.60 - $12.00.