External broker reports(aggregated public sources), Ord Minnett

Ord Minnett

External broker reports(aggregated public sources)

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Equity Bottom-Up

<div><div><div><div><ul><li>Supply Network Ltd (SNL) provided a trading update and guidance for its FY23 result.</li><li>Sales are expected to increase c. 26% in FY23 to $250m.</li><li>Underlying NPAT is expected to increase 33% to $26.5m. </li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Supply Network Ltd (SNL) provided a trading update and guidance for its FY23 result.Sales are expected to increase c. 26% in FY23 to $250m.Underlying NPAT is expected to increase 33% to $26.5m. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<div><div><div><div><ul><li>Supply Network reported a 1H23 NPAT of $12.7m, up 34% on the pcp.</li><li>The company declared a 1H23 dividend of 20.0cps, up 67% on the 12.0cps dividend declared in 1H22.</li><li>While profit growth may slow somewhat in 2H23, this is largely due to investments for future growth.</li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Supply Network reported a 1H23 NPAT of $12.7m, up 34% on the pcp.The company declared a 1H23 dividend of 20.0cps, up 67% on the 12.0cps dividend declared in 1H22.While profit growth may slow somewhat in 2H23, this is largely due to investments for future growth.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Supply Network Limited - Another Strong Result

<div><div><div><div><ul><li>Supply Network expects to report a 1H23 NPAT of $12.7m, up 34% on the pcp and 4% ahead of our $12.2m forecast.</li><li>The company declared a 1H23 dividend of 20.0 cps, up 67% on the 12.0 cps dividend declared in 1H22 and ahead of our 15.0 cps forecast.</li><li>While profit growth may slow somewhat in 2H23, this is largely due to investments for future growth.</li></ul></div></div></div></div><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Supply Network expects to report a 1H23 NPAT of $12.7m, up 34% on the pcp and 4% ahead of our $12.2m forecast.The company declared a 1H23 dividend of 20.0 cps, up 67% on the 12.0 cps dividend declared in 1H22 and ahead of our 15.0 cps forecast.While profit growth may slow somewhat in 2H23, this is largely due to investments for future growth.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Supply Network Limited - 1H23 Earnings Update and Dividend Announcement

<ul><li>SNL provided 1H23 revenue and NPAT guidance well above our expectations.</li><li>Although revenue is expected to grow in 2H23, investments in new branches combined with the expansion of existing sites are likely to see lower profit growth over 2H23.</li><li>Nevertheless, the outlook remains positive with robust market demand, supported by strong activity in all regions. We maintain an ACCUMULATE rating.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

SNL provided 1H23 revenue and NPAT guidance well above our expectations.Although revenue is expected to grow in 2H23, investments in new branches combined with the expansion of existing sites are likely to see lower profit growth over 2H23.Nevertheless, the outlook remains positive with robust market demand, supported by strong activity in all regions. We maintain an ACCUMULATE rating.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<div><div><div><div><ul><li>In a nutshell: Supply Network had another strong year in FY22 with strong sales volumes and disciplined cost control leading to expanding operating margins.</li><li>The company has well laid out plans for further network expansion in FY23, into high-growth logistics hubs.</li><li>We maintain our Accumulate recommendation with a 12-month price target of $11.30.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p></div></div></div></div>

In a nutshell: Supply Network had another strong year in FY22 with strong sales volumes and disciplined cost control leading to expanding operating margins.The company has well laid out plans for further network expansion in FY23, into high-growth logistics hubs.We maintain our Accumulate recommendation with a 12-month price target of $11.30.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Supply Network Limited - Further Growth Ahead

Australia

MCS Services Limited operates as security  services company. The Company provides security personnel services to commercial property sites, retail shopping centers, sporting stadiums, entertainment venues and sites, and construction and mining sites.

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Mcs Services (MSG AU)

Supply Network Limited - Trucking On

Supply Network Ltd (SNL) provided a trading update and guidance for its FY23 result. Sales are expected to increase c. 26% in FY23 to $250m.

Ord Minnett

Supply Network Limited - Another Strong Result

Supply Network reported a 1H23 NPAT of $12.7m, up 34% on the pcp. The company declared a 1H23 dividend of 20.0cps, up 67% on the 12.0cps dividend...

Ord Minnett

Supply Network Limited - 1H23 Earnings Update and Dividend Announcement

Supply Network expects to report a 1H23 NPAT of $12.7m, up 34% on the pcp and 4% ahead of our $12.2m forecast. The company declared a 1H23 dividend...

Ord Minnett

Supply Network Limited - In Short Supply

Although revenue is expected to grow in 2H23, investments in new branches combined with the expansion of existing sites are likely to see lower...

Ord Minnett

Supply Network Limited - Further Growth Ahead

In a nutshell: Supply Network had another strong year in FY22 with strong sales volumes and disciplined cost control leading to expanding operating...

Ord Minnett

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