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  1. #2951
    ShareTrader Legend Beagle's Avatar
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    Quote Originally Posted by percy View Post
    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.
    Quote Originally Posted by winner69 View Post
    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

  2. #2952
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by Beagle View Post
    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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  3. #2953
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by couta1 View Post
    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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  4. #2954
    percy
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    Quote Originally Posted by BlackPeter View Post
    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.

  5. #2955
    Speedy Az winner69's Avatar
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    Quote Originally Posted by BlackPeter View Post
    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.”

  6. #2956
    Speedy Az winner69's Avatar
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    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.”

  7. #2957
    Speedy Az winner69's Avatar
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    Quote Originally Posted by BlackPeter View Post
    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.”

  8. #2958
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    Quote Originally Posted by winner69 View Post
    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....

  9. #2959
    always learning ... BlackPeter's Avatar
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    Quote Originally Posted by percy View Post
    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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  10. #2960
    percy
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    Quote Originally Posted by sb9 View Post
    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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