Recent content by galumay

A big acquisition for NWH, on first glance it seems like an excellent deal, I like the move into the electrical contracting. I wonder why SXE or IPG haven't rolled Fredon up as it looks a natural fit. Debt now higher than i like, but should reduce quickly.

Speeding ticket from the idiots at the ASX, it must be such a pain responding to nonsense like this, moronic questions like "If CDA is covered by sell-side analysts, the earnings forecasts for those analysts." As if its CDA's fault if the analysts got their predictions wrong! Most of the...

Revenue was flat - up 1% (revenue actually dropped, "other income" increased to create the small increase in Overall revenue.) So why did they pay a dividend, when debt increased and cash burn ferocious, poor capital allocation IMO. The debt is an issue for me, just because its long term...

@ShareSuccess I haven't done a deep dive, nor have I looked for a while, just scanned their annual report and there is a lot to unpack there. eg Revenue flat, but earnings up, due to big cost cuts and lower tax liability on higher profit?? FCF is strongly negative, debt to equity is high, (too...

A better H2 for JYC providing a reasonable full year result. Another special divvy to use up the franking credits and strong FCF the main positives.

...and up nearly 30% in a week! Now my largest position in the SMSF & more than a 5 bagger in 3 years. In the personal PF its a 30 bagger. And people say buy & hold doesnt work! Water the flowers & pull the weeds as Peter Lynch said.

H1 results for UOS. The cash machine keeps rolling! Its hilarious really, so much unrecognised value for so long! Still trading at 50% of NTA, nearly $1B in cash, $44m in earnings for the half year.

Pretty solid year for SDI, I like that they reported the normalised earnings even though they were significantly lower than statutory, many dont. Debt being paid down quickly which is good, FCF healthy.

A solid half year from DDR, gross margins slipping is not great. More AI nonsense from the brown box distro.

I think its just a function of the gross overpricing @Ferret, especially as its showing signs of not scaling, NPAT up the same as revenue. Also just the Dick Le Blanc factor.

Another solid H1 from KSL, this year has seen some appreciation of the share price (39%), so the increase in the dividend helps keep the yield up.

A decent year for KYP, the breakthrough is finally seeing double digit revenue growth, true FCF still anaemic due to intangible assets but cash grew to over $10m.

Lot of hyperbole in that AFR article, my take on it was Wilson presented an unusually candid and honest appraisal of the difficulties facing REH in the near to mid term. Great to see such integrity from an Australian CEO, a rare quality. I have a pretty large holding at a cost price well below...

AHC with a good result for 2025, NPAT improvement masked by wash through of tax credits, a common theme with my PF this year! Interesting note from the company about dropping software revenue, Dont like this, should headline as Gross Profit, report increase and then talk to Gross Margin...

Note the increase in Income Tax Benefit, 43% of the NPAT figure!