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21-08-2018, 03:13 PM
#10011
Originally Posted by minimoke
5 cents is nothign to get excited about - other than it is a first dividnce. I wouldn't be too worried if they stashed the cash and invested it some where they can do better than my paltry 5 cents. Its the dividend in 5 years I am after.
Okay, let's do the maths.
Cash on Hand at 30/06/2017 (FY 2017) - $121mln
Cash on Hand at 31/12/2017 (FH 2018) - $240mln
They have effectively doubled their cash reserves (or 119mln) within 6 months. And assuming similar growth rate you think they'll be holding close to $330mln ($240+$90) at the least as at 30/06/2018 (FY 2018).
Out of $330mln available, they've spent $162mln to take further stake in SML. That leaves them with $168mln on hand.
A 5c divvy would see an outgoing of $36mln and 10c would be around $72mln.
Say, if they go with 10c divvy they would still have further $96mln ($168-$72) to spend on other things plus ongoing addition to cash reserves as they sell more.
In summary 10c is feasible and very affordable for company, should they decide to pay a divvy. Guess it depends on what Board sees best value for shareholder funds.
Not long to go to know that, another 16 hours or so.
PS: Hope my numbers make sense and are correct. Happy to be pulled up though.
Last edited by sb9; 22-08-2018 at 10:55 AM.
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21-08-2018, 04:20 PM
#10012
Originally Posted by sb9
Well, clear all decks for tomorrow's announcement from company.
Guess most of numbers are given, its more around the commentary from Jayne re geographical breakdown (China, US, UK, SEA and Korea), future strategic direction, any capital management news (unlikely) and something totally left field that no one is anticipating.
Jayne will dazzle her audience tomorrow — she will be a star — and we’ll all be happy as
”When investors are euphoric, they are incapable of recognising euphoria itself “
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21-08-2018, 04:37 PM
#10013
Member
Originally Posted by winner69
Jayne will dazzle her audience tomorrow — she will be a star — and we’ll all be happy as
Is it Jayne or the numbers who will dazzle?
Last edited by Muppett; 21-08-2018 at 04:43 PM.
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21-08-2018, 04:37 PM
#10014
Originally Posted by winner69
Jayne will dazzle her audience tomorrow — she will be a star — and we’ll all be happy as
The only question I want answered is "When can we expect $14.62 again?"
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21-08-2018, 04:41 PM
#10015
Originally Posted by minimoke
The only question I want answered is "When can we expect $14.62 again?"
Its been a pretty long six months hasn't it !
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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21-08-2018, 04:42 PM
#10016
Member
Originally Posted by minimoke
The only question I want answered is "When can we expect $14.62 again?"
When Jayne dazzles us with a whopper of an announcement.
Last edited by Muppett; 21-08-2018 at 04:43 PM.
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21-08-2018, 04:42 PM
#10017
Originally Posted by minimoke
The only question I want answered is "When can we expect $14.62 again?"
Jayne pretty smart but she can’t answer that question
Maybe $14.62 by end of week .....not really that far away for such a volatile stock
”When investors are euphoric, they are incapable of recognising euphoria itself “
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21-08-2018, 04:56 PM
#10018
Member
Originally Posted by winner69
Jayne pretty smart but she can’t answer that question
Maybe $14.62 by end of week .....not really that far away for such a volatile stock
What good news are you expecting for a 32% increase in the SP?
Last edited by Muppett; 21-08-2018 at 05:01 PM.
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21-08-2018, 05:13 PM
#10019
Originally Posted by Muppett
What good news are you expecting for a 32% increase in the SP?
You don't need good news, just an irrational market.
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21-08-2018, 05:22 PM
#10020
Originally Posted by 777
You don't need good news, just an irrational market.
I wouldn't have the foggiest where the SP is heading tomorrow, it could go up a $1 or down the same amount, good news(Whatever that means with most things known already)doesn't mean it's necessarily going up, this thing is Schizophrenic and is the Game of Thrones. PS-My good sized floating parcel has been dispatched today due to a great adversity to being skunked.
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