Right-o. And a share price exit number that equates to all that verbiage?
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As shares usually overshoot fair value,I find it best to let profits run,and sell on the first bit of bad news.
Run with the now not the past,we are sailing with favourably winds currently, so relax and enjoy the banquet.
Fully imputed dividends (gross inclusive of imputation credits) for the last 5 years have been 43.75 cps, 41.7 cps, 43 cps, 39.6 cps, and 46.5 cps.
This year I am expecting 40 cps net which gives 55.6 cps gross. As I mentioned yesterday I am very happy with where management are taking this company.
I bought for long term dividend yield and see no reason whatsoever to alter amend my original investment thesis. HLG have been around for 144 years. I am more than happy to hold for the forseeable future.
I wonder how many NZ businesses have been around for as long? Check out the latest (in 1912) sports suits from HB as advertised in the Evening Post:
https://paperspast.natlib.govt.nz/ne...t/1912/10/21/2
If you need some "life and vigour" also check out the ad for "Bile Beans for Bileousness" on the same page. Must find out where to get some.
It is interesting that HLG are trading on 9-9.5x earnings and a 12% gross yield right now. It's like the market still doesn't believe they can keep delivering so if they do deliver a FY result of around $29-30m then I'd expect they head towards $6.00 towards the end of the year...