Skellerup (SKL) Fundamentals

[Beagle]

Net Profit after tax
2013 $19.0m
2014 $22.3m
2015 $21.9m
2016 $20.5m
2017 $22.1m

2017 EPS 11.46 cps. Chose whatever PE you think is appropriate for their track record and outlook.
Disc: Don't hold.

[McGinty]

To me these results are just average at best, only positive is that they slightly bet their guidance.

Here's what I see:

- A company with no growth and selling at a current P/E of 14.5 (after today's result)
- The major thing the caused them to beat last years results was the currency gain (note 4), otherwise the result would have matched last year.

- Revenue was down
- Gross profit down
- Operating Cash Flows was down
- Trade Receivable and Inventories up
- Improvement in Admin and Distribution Expenses

I follow the company as I use to hold in 2015, but sold once it was clear they were going miss guidance. Not holding now

[winner69]

Net Profit after tax
2013 $19.0m
2014 $22.3m
2015 $21.9m
2016 $20.5m
2017 $22.1m

2017 EPS 11.46 cps. Chose whatever PE you think is appropriate for their track record and outlook.
Disc: Don't hold.

At least they're consistent

If only they wouldn't call themselves a growth company and tout next year is gunna to be great

[Beagle]

At least they're consistent

If only they wouldn't call themselves a growth company and tout next year is gunna to be great

Yes its hard to forget the recent year fiasco when at one stage they were talking circa $27m from memory and then had to suffer the ignominy of three downgrades.
I'm with McGinty who I think has summed it up well.

[winner69]

Consistent performance with relatively strong cash flows (more consistent than likes of HLG) to support a pretty good dividend

Some hate to take he view of pricing equities like bonds but SKL is one that sort of merits that approach

Say F18 divie 10 cents - what sort of yield?

Maybe 6% to 7% tax paid is pretty good (risk adjusted) - so $1.60 odd for that return pretty good for those punters





And if F18 is the gunna to be great year big capital gains as a bonus.

[couta1]

Plenty of buyers and hardly any sellers.

[Puriri Pete]

Total shareholder return over the past 12 months of 30.36%, according to Sharesight, is not to be sneezed at. Shows the value of continuing to assess companies even after they have stumbled.

[Beagle]

Consistent performance with relatively strong cash flows (more consistent than likes of HLG) to support a pretty good dividend

Some hate to take he view of pricing equities like bonds but SKL is one that sort of merits that approach

Say F18 divie 10 cents - what sort of yield?

Maybe 6% to 7% tax paid is pretty good (risk adjusted) - so $1.60 odd for that return pretty good for those punters

And if F18 is the gunna to be great year big capital gains as a bonus.

Personally I can never accept that approach. If I'm taking an equity risk I expect an equity return, for example with HLG at least you get a 13.5% gross yield incl of imputation credits. At a loose level I guess some sort of analogy can be made with MPG which is trading at a similar PE level but in that case at least it has a long track record of growing the top line, something I am hoping will eventually flow through to the bottom line.
Today's SP reaction...go figure ?

[RTM]

You're a tough bunch.
They have commissioned new factory with minimal disruption. Have weathered a major downturn in Dairy and other commodity prices,
Divi is a bit higher. Outlook allegedly good. Directors from memory hold a few shares, have not checked recently.
My buy price $1.25.
May not satisfy all but happy to have and hold as part of my diversified portfolio.

[kiora]

Total shareholder return over the past 12 months of 30.36%, according to Sharesight, is not to be sneezed at. Shows the value of continuing to assess companies even after they have stumbled.

And 3.44 bagger plus dividends since 2009,8 yrs.I've seen worse thats for sure PP.Compared to bonds ?