and they still paid 30 cps in dividends that year fully imputed = gross 41.67 cps.
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Let me be clear that I really like HLG and the management but the scenraio where they go back to $3 or so is quite easy - its called the NZDUSD rate falls to 63-65c over the next 6 months compressing their gross margin and if the economy is a bit softer and the weather doesn't behave how there buyers predict etc then you could have them only making $14-15m npat in FY19.
I'm not saying thats my base case - I hope the NZD hangs in there near enough to 70c and the Aussie business keeps performing and we might see $6 by Xmas if they update positive at the AGM.
Hey winner, there's about 62k shares wanted at between $4.50-$4.51, you might as well flick yours off now and get a cent or two more than selling under $4.50. PS-Finished up 5c on 100 shares.
I was one of those you cautioned, ended up having a bob each way- bought some at $5.03 and got the divvy, picked up some more at $4.62 a couple of weeks later. I may yet pop back in for another feed if I can find some spare coin, although I am overseas on holiday at the moment so not really paying much attention to the market.