Originally Posted by
Beagle
Concluding remarks by Chris Luxon on the call "We are very proud of the results and onwards and upwards"
General tone of the conference call was very positive for FY18.
Shares trade cum a 11 cent divvy at $3.30 at time of posting. Looking ahead on an theoretical ex divvy price of ($3.30 - $0.11) = $3.19 and assuming a 22 cent fully imputed dividend for FY18 22/0.72 = 30.55 cps gross the shares trade on a prospective yield of 30.55 / 319 = 9.58% plus specials in due course as their capex program draws to its conclusion. Happy to hold long term for that sort of attractive yield and happy that management are doing a good job.
Regarding my optimistic forecast last week, after egg on face for breakfast I am looking forward to humble pie for lunch and dinner lol