BPF released their HY15 results this week, showing the following results on PCP: Revenue $11.9M (up 46%) Underlying EBITDA $1.2M (up 20%) NPAT $808k (HY14 $95.7k loss) Underlying NPAT $567k loss (Due to performance share revaluations) So the business is now making money, having doubled staff in 12 months, and are growing revenues … More Bulletproof Networks: HY15 results (BPF)
Reverse Corp provided an earnings update for HY15 this week, and confirmed things were still moving in the right direction: Revenue $4.51M (up 4%) EBITDA $1.84M (up 16%) NPAT $1.05M (up 56%) So revenue nearly flat, with increased profitability thanks to more efficient operations at 1800 Reverse. OzContacts is now breakeven, so we can anticipate … More Reverse Corp HY15 earnings (REF)
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 … More BigAir HY14 numbers (BGL)
The past year or so I haven’t had much to write about. While I feel the ASX is probably on the mark in terms of valuation, I can’t see a lot of positive news coming down the pipeline, which is why I’ve kept my powder dry as far as value opportunities go. I don’t see … More Colorpak – FY13 results (CKL)
You can find a copy here: http://www.berkshirehathaway.com/letters/2012ltr.pdf I’ve been reading the Buffett letters for years, and have read the historic reports dating back to 1977. My main interest is the colour Warren puts on his approach to a manager, and his openness with investors. He uses increases in book value against the S&P500 as a yardstick … More Warren Buffett’s 2013 letter to investors has been released
BigAir today put up their HY13 results, and while I (and so it would seem, the market) was expecting better, the results are still solid: Revenue $15m (up 36%) EBITDA $5.5m (up 20%) NPAT $2.37m (up 15%) Operating Cash Flow $4.48m (up 19%) What we see is a business priced at $100 million, with … More BigAir – HY13 numbers (BGL)
Colorpak’s HY13 results were released recently, and are now giving a picture of what the entity will look like post-consolidation. HY13 figures are as per below: Revenue: 92.7m EBITDA: 10.7m (11.5%) NPAT: 4.7m (5.1%) EPS: 5.8c On the surface, it appears Colorpak have transitioned quite well through the CHH acquisition, emerging with a … More Colorpak HY13 numbers (CKL)
I’ll be honest, when I originally posted about SNL back in 2011, I thought I’d found a cheap company with a stable business that wasn’t set to grow much faster than the economy. Back then, it was a $19m market cap minnow, selling for 9.2 times earnings. Since then market cap has more than tripled, … More Supply Network HY13 numbers (SNL)
After a year’s patience with HNG I’ve decided to sever my relationship with the holding and my book is already thanking me for it. It had a big margin of safety which was unfortunately eroded by multiple businesses losing money, particularly Biante. If the business had stayed profitable, I could have justified maintaining my holding, … More HGL – Like a cancer to be removed (HNG)
Since my previous post on BSA’s latest result, the share price has now fallen back to the 20c mark, with a more lacklustre performance for year end. Let’s take a look at FY12 numbers: Revenue up 22% to $492m EBITDA up 1% to $16m NPAT $5.8m EPS 2.57c If we look at HY12 … More BSA – FY12 figures with some alarm bells (BSA)
