Midway Ltd (ASX:MWY)
A$ 1.24 0 (0%) Market Cap: 108.30 Mil Enterprise Value: 115.54 Mil PE Ratio: 124.50 PB Ratio: 0.75 GF Score: 66/100
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Half Year 2024 Midway Ltd Earnings Call Transcript

Feb 29, 2024 / 03:00AM GMT
Release Date Price: A$0.755
Anthony Mckenna
Midway Ltd - Chief Executive Officer, Managing Director

Good afternoon. Welcome to the Midway Limited First Half 2024 Financial Results Presentation. I'm Tony McKenna, CEO and Managing Director of Midway Limited. And I'm joined here today in Geelong by Michael McKenzie, our Chief Financial Officer. I appreciate your attendance, and we'll quickly run through our agenda for today. I'll take you through key highlights, discuss the half year '24 financial results, update important developments in Midway's growth strategy, look at capital management and then take you through the operating environment and outlook. We would be pleased to take your questions through the Q&A box at the end of the presentation.

As announced at the end of November, a binding MOU has been signed with CHS Broadband to sell 5.15 hectares of the Geelong site for development of a Grain export operation. CHS Broadbent will acquire the site for $15.5 million, and their Grain throughput will contribute to Midway's shiploader volume commitments through GeelongPort. The sale enables development work on the

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