Looks like yesterday wasn't the last day OCA will be $1.50... such a drop in dividend might be surprising for some along with selling heaps more but underlying profit not up much.
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There will be some profit taking and movement towards stocks that may in the next 12 months provide higher growth and dividend.
Great result for others in the sector looking at those sales numbers...
it certainly appears that SUM other share was the one to invest in in the short term.
Doubt we will see 1.50 again for perhaps 12 months or more.
back at desk on monday , but a quick note i thought i would add it was a disappointing result , no div increase and margin erosion continues. i sold today.
sum is my preferred play in the sector.
We have not had time to go through the numbers but on the simple P&L increase in unit sales does not seem to have increased total half year revenue by a large percentage.
Perhaps someone with a comprehensive model can put forward the statement such as they met expected profit on units sold.
If they did meet expected profit margin on units sold then yes 1.5 could hold.
Bull just posted and confirms our view and Bull just profited again on trading the result..
DISC: we dont trade this stock but we see much bigger growth after this result in off shore travel stocks.
Never mind.
Looking great for ARV that is for sure!