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07-08-2015, 10:36 AM
#981
Originally Posted by bull....
when its cheap at 4.65 guess any retail people who got a few scraps were lucky
You hit the nail on the head. Luck certainly appears to have played a part in final allocations. In my situation I was my sharebrokers only client who committed to a firm order. So I received his entire allocation. Still 25% short of the quantity I committed to, but a lot better than many others did.
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07-08-2015, 10:58 AM
#982
100% weighting FTSE index confirmed for next week. MSCI, NZX and ASX indices expected within next 2 weeks.
Not expecting any sp weakness in a hurry but who knows after the index reweighting?
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11-08-2015, 10:44 PM
#983
76c dividend and 14.6% yld Looks good to me, or did that 76c div. include the special 50c div. earlier this year?
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12-08-2015, 08:40 AM
#984
Originally Posted by see weed
76c dividend and 14.6% yld Looks good to me, or did that 76c div. include the special 50c div. earlier this year?
Without checking, yes. As a holder of CEN I've only received the one big windfall - 50cps - in the last year or two. And very nice it was, too!
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12-08-2015, 10:38 AM
#985
Originally Posted by see weed
76c dividend and 14.6% yld Looks good to me, or did that 76c div. include the special 50c div. earlier this year?
Sorry see weed bit slow this morning, can you shed some light on your numbers pls.
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12-08-2015, 11:44 AM
#986
Originally Posted by sb9
Sorry see weed bit slow this morning, can you shed some light on your numbers pls.
ASB Securities CEN page this morning. Dividend cps= 76c. Dividend yield (net)= 14.7%.
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12-08-2015, 12:04 PM
#987
Thanks for that see weed.
Its actually FY15E of 78c divvy, of which they've paid 11c (interim), 50c (special), so their estimate for FY is 17c, not bad isn't it?
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12-08-2015, 12:29 PM
#988
Originally Posted by sb9
Thanks for that see weed.
Its actually FY15E of 78c divvy, of which they've paid 11c (interim), 50c (special), so their estimate for FY is 17c, not bad isn't it?
Yes, but remember that 50c special dividend was made to clear out the imputation credits that had accumulated over many years. It will not be repeated in the future. Therefore the dividend yield for new investors buying into CEN today is nowhere near 14%!
Also see my post 935 on revised earnings after the recent profit downgrade. I am expecting a final dividend of 13cps, not 17cps. If it is 17cps, it won't be fully imputed, that for sure.
SNOOPY
Last edited by Snoopy; 12-08-2015 at 12:36 PM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
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12-08-2015, 01:00 PM
#989
Agree Snoopy on the special divvy part, it won't be repeated.
However, beg to differ on the final divvy for this FY. My guestimate is that it'll be at least 15c, based on the assumption that they've now adopted 100% distributable profits as dividends from their recent update, up from 80% previously.
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12-08-2015, 01:15 PM
#990
Originally Posted by Snoopy
Yes, but remember that 50c special dividend was made to clear out the imputation credits that had accumulated over many years. It will not be repeated in the future. Therefore the dividend yield for new investors buying into CEN today is nowhere near 14%!
Also see my post 935 on revised earnings after the recent profit downgrade. I am expecting a final dividend of 13cps, not 17cps. If it is 17cps, it won't be fully imputed, that for sure.
SNOOPY
Thank you.
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