Board quite diverse eh Percy
Really pleased to see they have taken on somebody from the Future Director program. Good stuff
(She only gets 50% of fees, but plenty of experience)
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Board quite diverse eh Percy
Really pleased to see they have taken on somebody from the Future Director program. Good stuff
(She only gets 50% of fees, but plenty of experience)
Maybe I am a little negative as I sold my AWF shares,but I do note the extra shares issued in the capital raise,means the eps are lower than previously,although the business is in better shape with the lower debt.However there was nothing in the presentation to cause me regret for selling my shares. I will keep any eye on AWF as I did do very well with them.
Quite right percy. If the net profit lifts 20% but the numbere of shares has gone up by 20% that means shareholders are going nowhere. It is the gain in earnings per share, not the gain in earnings, that is the statistic to look for (half year eps were 10.5cps, down from 11.1cps). This is why the dividend per share has only held steady, despite the increase in profit
Unlike you, I am a recent addition to the share register. I may have even bought your shares when you sold out! Acqusitions , like Madison, always take some time to bed down and integrate before all those synergy benefits start coming through. So while I am always disappointed to see 'eps' dip, I am not entirely surprised. All the signs ('Decline in Margin halted') are that the Madison acquisition is bedding in well. But time as always will be the ultimate judge.
SNOOPY
Snoopy I do wish you every success with AWF.
I was just thinking that you are following in the footsteps of a great investor, Ian Urquhart,whose two largest investments were AWF and SCT.
He would be proud of you.!
Most probably would have enjoyed the tucka at RBD's agm too.!!