Quote:
quote:Originally posted by Lizard
Second quarter sales and margins continue the upward trend, despite all predictions of a sluggish retail outlook. Revenue up 8.4% and profit for half year expected to be "satisfactorily ahead" of last year. I estimate it will come in at $11.9-$12.4m (last year $10.2m). Plenty of cash available for the Urban Loft roll-out, so I think they can afford to up the dividend to at least 3.25cps. My current valuation is $1.66.
Half year profit of $12.01m, dividend increased by 0.5cps to 3.5cps. Some slight softening beginning to show in sales this half, so growth likely to be lower over FY.