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18-09-2018, 02:53 PM
#2951
Originally Posted by percy
page 15 Turners annual report for year ended 31st march 2018...………
…………………………………………..…….Fy.15...…..FY16...….FY17...…. .FY 18......FY19 Forecast
Earnings per share...………… ... ..33cps.…... 24.7cp..s...25.5cps.…..29.3cps. 30.5cps….average growth NIL% pa.
Dividends per share...……..….… 10cps...……..13cps......14.5cps.....15.5cps... 16.0 cps
I hope you don't mind I edited your post and added 2019 forecast for the sake of illustrating my point below.
Originally Posted by winner69
Those numbers highlight why Directors should be rewarded with a pay rise
Yes EPS has grown at just over 10% pa
I beg to differ. With statistics it all depends upon one's frame of reference. In this case the last directors pay rise was in 2015, I presume for earnings growth over pervious years. Since that time EPS has fallen. You could make the case that in recent years this company has been a woeful performer in terms of lack of EPS growth. In fact forecast 2019 earnings per share are still some 10% lower than 2015 4 years ago !
Is it really such a surprise that the SP has gone backwards for years seeing as EPS has done the same in recent years ?
Last edited by Beagle; 18-09-2018 at 03:01 PM.
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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18-09-2018, 03:17 PM
#2952
Originally Posted by Beagle
I hope you don't mind I edited your post and added 2019 forecast for the sake of illustrating my point below.
I beg to differ. With statistics it all depends upon one's frame of reference. In this case the last directors pay rise was in 2015, I presume for earnings growth over pervious years. Since that time EPS has fallen. You could make the case that in recent years this company has been a woeful performer in terms of lack of EPS growth. In fact forecast 2019 earnings per share are still some 10% lower than 2015 4 years ago !
Is it really such a surprise that the SP has gone backwards for years seeing as EPS has done the same in recent years ?
Just curious - where are the claimed 2015 EPS coming from? The company didn't exist at that time, i.e. you need to calculate it based on its parents financials. If you take DPC and TUA's adjusted EPS for 2015, than (according to Snoopies legendary post #1416: https://www.sharetrader.co.nz/showth...l=1#post668006)
the FY2015 EPS was 20.2 cents.
Snoopy can't err - can he? And if we take his data, than the EPS growth since 2015 was roughly 9 % ...
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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18-09-2018, 03:24 PM
#2953
Originally Posted by couta1
404k shares just gone through at $2.80, must be close to seeing a notice from someone.PS-That $2.80 sell line is being reloaded at lightning speed.Lol.
Early days (hours?) yet, but lat trade was $2.82 and next available offer is $2.84. As well - all other share offers below $2.90 magically disappeared - and there have been many a couple of hours ago. If this trend continues - a double bottom at $2.80 would be a quite bullish signal ...
Last edited by BlackPeter; 18-09-2018 at 03:28 PM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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18-09-2018, 03:28 PM
#2954
Originally Posted by BlackPeter
Just curious - where are the claimed 2015 EPS coming from? The company didn't exist at that time, i.e. you need to calculate it based on its parents financials. If you take DPC and TUA's adjusted EPS for 2015, than (according to Snoopies legendary post #1416: https://www.sharetrader.co.nz/showth...l=1#post668006)
the FY2015 EPS was 20.2 cents.
Snoopy can't err - can he? And if we take his data, than the EPS growth since 2015 was roughly 9 % ...
Page 15 Turners Annual report for year ending 31st March 2018.
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18-09-2018, 03:29 PM
#2955
Originally Posted by BlackPeter
Just curious - where are the claimed 2015 EPS coming from? The company didn't exist at that time, i.e. you need to calculate it based on its parents financials. If you take DPC and TUA's adjusted EPS for 2015, than (according to Snoopies legendary post #1416: https://www.sharetrader.co.nz/showth...l=1#post668006)
the FY2015 EPS was 20.2 cents.
Snoopy can't err - can he? And if we take his data, than the EPS growth since 2015 was roughly 9 % ...
so we are all totally confused eh .....so don’t worry about the past and just use the go to reference for the future
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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18-09-2018, 03:30 PM
#2956
More likely earnings upgrade at AGM time ....no way a downgrade ..heck no
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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18-09-2018, 03:33 PM
#2957
Originally Posted by BlackPeter
Early days (hours?) yet, but lat trade was $2.82 and next available offer is $2.84. As well - all other share offers below $2.90 magically disappeared - and there have been many a couple of hours ago. If this trend continues - a double bottom at $2.80 would be a quite bullish signal ...
Double bottoms — good news
$3.80 here we come
Must tell the neighbour about this double bottom. Might cheer him up as he’s heaps under water
Last edited by winner69; 18-09-2018 at 03:34 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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18-09-2018, 03:36 PM
#2958
Originally Posted by winner69
More likely earnings upgrade at AGM time ....no way a downgrade ..heck no
I think if there's an upgrade or downgrade they probably have obligation to inform the market by now.
My pick is business as usual....
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18-09-2018, 03:45 PM
#2959
Originally Posted by percy
Page 15 Turners Annual report for year ending 31st March 2018.
Cheers. Interesting ... might be worthwhile to find out how they calculated this 2015 EPS. Is this based on the numbers of DPC, TNR, a balanced mix out of both - and how did they allow for the share consolidation?
Edit ... so, yes I checked - Turners 2015 report claims 3.28 cent / share as earnings. After share consolidation is this nearly 33 cents.
Still not clear what happened with the DPC financials and shares ...
apples - pineapples?
Last edited by BlackPeter; 18-09-2018 at 03:51 PM.
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"Prediction is very difficult, especially about the future" (Niels Bohr)
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18-09-2018, 03:48 PM
#2960
Originally Posted by sb9
I think if there's an upgrade or downgrade they probably have obligation to inform the market by now.
My pick is business as usual....
Full year 2018 their NPBT was $31.1 mil.
Projected 2019 NPBT is expected to be between $34mil and $36mil.ie either 9.3% or 15.7% increase.[from investors presentation; outlook]
Until we know the exact number of shares there are on issue,after the bonds convert, we can not work out what the projected eps will be.
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