You can tell Regional Express Holdings (REX) is trying hard to control their optimism at AGM when it predicted that FY15's profit will be better than FY14's

Brendon Lau

Vantage Point Partners

You can tell Regional Express Holdings (REX) is trying hard to control their optimism at AGM when it predicted that FY15's profit will be better than FY14's. Fact is there is a good chance this year's profit will be very materially higher even if operating conditions stay flat. The removal of the carbon tax will add 23.4% to pre-tax profit (based on FY14 numbers), while the drop in jet fuel price (assuming it averages around current levels and depending on FX) could add over $6m to its bottom line. That's significant given that its FY14 pre-tax earnings was $10.7m. Further, REX had huge capex of $56m in FY14, most of which is one-off.


MORE ON



Associate Director - Investor Relations
Vantage Point Partners

I am with Australia's leading small caps investor relations and media relations firm, Media & Capital Partners. I worked as a small caps analyst and journalist prior to MC Partners. Views are my own and should not be regarded as advice or...

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.