Quarter results for period ended 30 September
September
2022 Quarter
September
2021 Quarter
Change
%
Revenue $12.6m $9.5m 32%
Profit Before Tax $2.4m $1.7m 45%
XRF Scientific (ASX: XRF)
Michael Wayne: I'm going to go XRF Scientific. So staying on that mining theme. It is a small cap, a smaller business, but it's by no means speculative. The balance sheet's very high quality, it pays a decent dividend yield of around 3%. It was 4%, but the share price has gone up, so it's back to around a 3% dividend yield. Basically what it does is it provides the machines and the testing kits so that miners can test their core samples. The good thing is, once they sell the machines, there are consumables or different types of assets required to test those core samples. Once they're used once, they've got to be discarded, and then new products have to be brought in. So the margins are growing nicely, revenues are growing nicely, earnings are growing nicely, as are dividends, and we expect momentum in the share price to continue. So we've got to buy on XRF Scientific.
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Originally Posted by bull....
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