At the end of last year I graduated with an MBA from the University of Queensland (UQ). I previously wrote an article about what I’d learned at the halfway point, this is part 2. Don’t do it full-time, or remotely. While the lecturers have PhDs, much of the value is in peer learning, and you…
Month: February 2014
Colorpak – Disappointing HY14 numbers (CKL)
Colorpak’s management chose an upbeat tagline for their FY14 earnings presentation: Heavy lifting of the final rationalisation all but complete – the stage is set. So imagine my horror at seeing sales and EBITDA collapse after a positive FY13 result: Sales down 11% and EBITDA down 31%. Why? I suspect they are losing…
BigAir HY14 numbers (BGL)
BigAir released their HY14 numbers today, and while the topline numbers are growing at a steady rate (19% against PCP) the bottom line continues to accelerate with NPAT up 44% and operating cash flow up 25% to $5.6m. My concerns around a different balance sheet profile don’t seem too big a deal now as management…
BigAir acquisition of Anittel’s telco division (BGL, AYG)
When I wrote an analysis of BigAir as part of my MBA, I figured that the Intelligent IP acquisition would keep them busy for the time being and future acquisitions wouldn’t be as large. So imagine my surprise when just before Christmas, management announced the acquisition of Anittel’s (AYG) telecommunications business for $6.5M. This is…