Really surprising to see the relentless rally without any major trading update from the company. Wonder who's driving up price at these levels and with decent volume too. They must have a solid reason that a decent return from here is plausible.
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Really surprising to see the relentless rally without any major trading update from the company. Wonder who's driving up price at these levels and with decent volume too. They must have a solid reason that a decent return from here is plausible.
Guidance upgrade:
Guidance
Both Utilities and Veovo continue to grow strongly as a result of recent wins and customer upgrades and so we are able to upgrade our previous revenue guidance of at least $170m for FY24, to new guidance of c.$200m for FY24.
Against this higher revenue guidance, and whilst continuing to invest in strategic R&D and international expansion, EBITDA is expected to be between $23.5m and $26.5m (12%-13%). This compares to our previous guidance of between c. $20.5m and $25.5m.
Herald with some good coverage:
https://www.nzherald.co.nz/business/...IN3PZJWRMIB74/
Well it seems the market likes the result!
Attachment 15107
For sure, no wonder Gary and team were confident when they put together rather generous bonus scheme last year.
As for retail shareolder like me, I'm happy with my almost 5x gains. Now largest by value in my portfolio, even trumped A2 and thought that would never happen.