Interesting after-hours trading activity Friday with 1/3 of days trade taking place at 11c.
Another interesting point I found from the half-yearly report is there is no allowance for the scrap revenue. Looking back on previous half-yearly and full-year they are consistent with how they account for scrap revenue at the full-year only. Historically, scrap revenue accounts for approximately 7-8% of Revenue which is a significant total revenue contributor each year - 32M 2018.
Additionally, with Capral shutting down some of their facilities, a significant Occupancy costs reduction is noticed on the half-yearly.
2018 Occupancy cost = 10,169m
2019 Occupancy cost = 1,111m
Finally, the CEO mentions the efficiency improvements from the Capex spent last year starting to be material next qtr. Traditionally, Capex spend has a 3 year ROI, with 10m invested in Capex last year that is another 3m in cost savings each year.
Given the above and the loss they recorded last half-year, one could draw a conclusion that this is likely the bottom and a decent re-rate is coming for Capral over the next 6 months.
Ridiculous MC at these levels.
Congratulations to the buyers who picked up on the short term panic.
- Forums
- ASX - By Stock
- Ann: 2019 Half Year Results Presentation
Interesting after-hours trading activity Friday with 1/3 of days...
Featured News
Add CAA (ASX) to my watchlist
(20min delay)
|
|||||
Last
$9.30 |
Change
0.000(0.00%) |
Mkt cap ! $164.4M |
Open | High | Low | Value | Volume |
$9.30 | $9.30 | $9.21 | $107.2K | 11.58K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 648 | $9.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.37 | 912 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 648 | 9.210 |
1 | 1000 | 9.110 |
1 | 9244 | 9.100 |
1 | 400 | 9.030 |
1 | 678 | 9.020 |
Price($) | Vol. | No. |
---|---|---|
9.370 | 912 | 1 |
9.380 | 235 | 1 |
9.390 | 6393 | 1 |
9.400 | 4167 | 1 |
9.450 | 500 | 1 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
|
|||||
Last
$9.21 |
  |
Change
0.000 ( 1.23 %) |
|||
Open | High | Low | Volume | ||
$9.21 | $9.21 | $9.21 | 87 | ||
Last updated 14.21pm 28/03/2024 ? |
Featured News
CAA (ASX) Chart |
The Watchlist
BGD
BARTON GOLD HOLDINGS LIMITED
Alex Scanlon, Managing Director & CEO
Alex Scanlon
Managing Director & CEO
SPONSORED BY The Market Online