Made my day....lol
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Another 12 days until the results get released.
Given all the positive announcements (including insider buying), my expectations are pretty elevated right now. :eek2:
Quite annoying that many ASX and NZX listed companies will not allow me to participate in DRPs or other capital raisings because I live in Hong Kong (even though Hong Kong law does not require any kind of registration or other formality to extend the offers to Hong Kong residents). :mad ;:
Enjoy...
An absolute stunner.......lol.
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
Headline revenue and proof were indeed excellent but the operating cash flow was down and debt levels were up by quite a bit (even after issuing new shares to cover some of their outlays).
Still looks great and I'm still happy to hold but they need to get a handle on cash conversion - maybe focus on bedding down their existing business and slow down on the expansion.
Edit: subsequently seen the presentation which includes a very bullish outlook for FY2023.
Results presentation.
https://cdn-api.markitdigital.com/ap...df02a206a39ff4
The increase in equity ratio from 38.6% to 45% is welcome,as I used to think they carried too much debt..
Thanks for the links Percy.
I love the power of photography (from the results presentation) so I can see what I own.
From where I am in NZ I can go and check on (some of) what I own, popping onto Central or Waitaki Valley to make sure the hydro dams (MEL/CEN) are being scrubbed and polished. On the way I pass by PGW signs and stores and MFT trucks politely making their way across the country. And looking forward to seeing whether SMI makes Central just that little bit more shiny in the future. Still don't own any SCT though, even though I drive past HQ frequently.
Very tidy result
Growing very quickly
Should be 65-70c
This result and outlook should be the catalyst to get it there.
Also a prime takeover target.