Sats - Yesterday she had a nice breakout at 3.07 and closed well at 3.11, up 6 cents coupled with high volume this is rather bullish. I think likely to continue this uptrend mode.
The price is up due to the company reporting a nice sets of FY results for 2024. Final dividend increased to 3.5 cents vs 1.5 last year.
23rd May 2025:
SATS - FY results is out. Net profit is up 332 percent to 248.3m. Proposed Final dividend of 3.5 cents vs 1.5 cents last year.
Free cash flow turned around from negative 48.2m to 228m. Operating cash flow strengthen to 450m vs 137.4m last year.
The management is priotizing to pare down debts, reinvest in business and enhance shareholder values!
I think great set of financial numbers!
Most probably they may achieve 10b in 2028 time.
https://sporeshare.blogspot.com/2025/05/sats-yesterday-she-had-nice-breakout-at.html
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