no div increase my pick with an announcement that future capital provisions might mean lower divs going forward , shares smashed unfortunatley ... hope im wrong i own a few
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no div increase my pick with an announcement that future capital provisions might mean lower divs going forward , shares smashed unfortunatley ... hope im wrong i own a few
no div increase and a profit downgrade
Jeez ....a profit downgrade ...bloody hell
And H1 EPS lower than last year
Has Jeff run out of things to get out of the bottom drawer?
2.1m in one off costs relating to capital restructure, listing on the ASX and unfavourable FX rate. Strip that out and the result looks pretty good. Remember these are one off costs and non recurring.
"In the absence of an unanticipated increase in growth or an acquisition, the Group has no current need to raise equity from shareholders other than thorough the Dividend Reinvestment Plan. A combination of retained earnings reinvested through the Dividend Reinvestment Plan and other sources are sufficient for funding business as usual growth".
$74m guidance, mid point represents 13.1 cps. Normalised for removal of one-off's above that would be 13.44 cps. Normalised the company is on a forward PE of just 10.0 As cheap as it has been in many years.
No capital raise ! Happy to hold as on the current price I think the shares are very cheap.
"Whilst Heartland considers that it could still achieve a result at thebottom end of guidance, it would come at a cost to further investment in growth. Accordingly, anupdated guidance range of $73 million to $75 million is now considered prudent. The midpoint of thatrange would see the delivery of approximately 10% NPAT growth for FY19 compared to FY18."
Beagle ..I thought you didn’t really approve of ‘normalising’ things
What’s the next ‘non-recurring’ item going to be?