NPAT of 27.9m beat guidance ...well done, under promise and over deliver and all that
Couldn’t resist posting the extract from the Cash Flow Statement though .....Capital raise bought in $30.7m and they paid divies of $29,4m. Pretty cool eh. (Raised another $50m since Balance date as well)
* NPAT of $29.8M, down 52% on the prior year, which included the one-off gain of $23.1M relating to the formation of Togo Group (formerly branded as TH2). * NPAT excluding non-recurring items of $27.9M, above the latest market guidance of $25-$27M, down 26% on the prior year. * EBIT (excluding non-recurring items) of $62.1M, down 2% on the prior year. * Total group revenue of $423M, down 1% on the prior year. Rental revenue up 9% on the prior year. * Final dividend of 14cps (50% imputed), bringing the full year dividend to 27cps in line with the prior year. * Net debt of $202M, compared to $199M in the prior year. * Commencement of thl’s journey to become a Future-Fit Business.
I also exited in February at $4.35 (at a loss), was kicking myself when it subsequently started rising again but now grateful I didn't hold on just in case.
No mention of Togo and the tech side ...thought they could have added some good stuff about that to keep punters excited about the bright future the way business is done
But at the end of the day suppose it’s the bottom line that counts...like real money
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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