Originally Posted by
Beagle
$200m earnings on 346.8m shares = 57.7 cps !!! PE of only 6.4, that's nuts.
Payout 75% of that, (new minimum is 70%) = 43.3 cps in annual dividends. Oh my goodness :blush:
43.3 cps fully imputed = 60 cps gross = 16.2% gross yield at $3.70.
These metrics are truly mind boggling and we have a clear TA breakout to provide additional encouragement...not that we need it with the fundamentals being so truly compelling.
NZX inclusion in the not too distant future too. Hmmm.
Risks are shipping costs, stock procurement challenges and Covid. Super good looking risk reward ratio in my opinion.