External broker reports(aggregated public sources), Canaccord Genuity

Canaccord Genuity

Canaccord Genuity Group Inc. is a leading independent investment bank with operations in North America, UK & Europe and Asia-Pacific. Canaccord Genuity Group Inc. is a leading independent, full-service financial services firm. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>CLG's FY24 revenue and earnings were in line with guidance, our estimates and consensus expectations.</li><li>Despite healthy EBITDA in 2H FY24, net debt increased by $16m in the June half, which we believe was a key driver of the fall in the share price.</li><li>Our earnings estimates for FY25 and FY26 are quite stable and the shares trade on extremely low valuation multiples, and we stay at BUY, albeit with a 12 cents lower valuation of 53c per share.</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>

CLG's FY24 revenue and earnings were in line with guidance, our estimates and consensus expectations.Despite healthy EBITDA in 2H FY24, net debt increased by $16m in the June half, which we believe was a key driver of the fall in the share price.Our earnings estimates for FY25 and FY26 are quite stable and the shares trade on extremely low valuation multiples, and we stay at BUY, albeit with a 12 cents lower valuation of 53c per share.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.

Close the Loop Ltd - FY24 EBITDA in Line but Net Debt Above Expectations

Close The Loop Ltd

Close the Loop Ltd - FY24 EBITDA in Line but Net Debt Above Expectations