2 Year high. Interesting AGM tomorrow
Printable View
2 Year high. Interesting AGM tomorrow
http://nzx-prod-s7fsd7f98s.s3-websit...871/335970.pdf
Looking good :
50% forecast uplift in EBIT for H1 F21.
Final dividend expected in F21. Suspect strategic decision to avoid wage subsidy issue not to pay interim dividend.
Update on divvy from Chair, Fy21 full year dividends to resume and will reflect at level for full year subject to no further disruptions due to Covid. They may also start share buy back programmme when they resume dividends. Balance sheet position seem to be in very solid and liquid position to support this.
A decision on land dispute at Ihumatao is expected soon.
$6 here we come...
Picking up from ASM notes from y'day, looks like Directors re-election got bit of stick from few angry investor groups especially with respect to Barbara Chapman.
And re dividends to start at end of Fy21 to be at same level as full year, I'm picking 15c final and a special of 15c as well to take total to 30c at least.
Thoughts...
Its all well and good to give shareholders all these divvies but the staff deserve a break too. Without the "Team" shareholders get sweet FA. So lets say 0.15 this year is enough. That way staff and get a little more
I like Jeffries price target of $8.