Sounds like they’ve navigated some challenges pretty well. ProEng npbt 1.9m at 33% margins with upgrade to facility/ bolt on services to come for fy25 was the highlight.
Company also sounds like it is advanced in the asset management biz with owning/tolling water mentioned number of times, and also recruiting for it.
Management should be commended for achieving plenty of growth (going from 1 business unit to 5 (or 6 if you include the JV)) all while avoiding dilution and delivering us a net cash position of $2m, and plenty of growth upside.
FY24 numbers won’t be off the charts but will be significantly higher than last year, with an expectation that that growth rate can continue into FY25, FY26 and beyond.
Sounds like they’ve navigated some challenges pretty well....
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Last
29.5¢ |
Change
-0.005(1.67%) |
Mkt cap ! $120.5M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.0¢ | $53.79K | 184.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1092 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 9909 | 1 |
View Market Depth
| Last trade - 16.10pm 11/06/2024 (20 minute delay) ? |
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29.5¢ |
Change
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| Open | High | Low | Volume | ||
| 29.5¢ | 29.5¢ | 29.0¢ | 58362 | ||
| Last updated 15.46pm 11/06/2024 ? | |||||
| VYS (ASX) Chart |