First half npbt 18m full year projection 31m therefore approx 13m for 2nd half... i would have thought that summer months would be far more profitable for them
Top end of year end guidance at $31m before tax, assuming full tax is paid at 28% = $22.32m = 26 cps. Forward PE at $2.82 = 10.8
SO around $3 for a no growth company is about right
NPBT last 4 years - 31.1m / 29.0m / 29.1m /say 30.0m in F21 (Turners preferred profit figure)
Seems to me that TRA is a stock just for the dividend (even more so if one buys at the lows of the cycle) and trading the inevitable swings in the share price according to market sentiment of the day
What gets me is that the hype over the last few years never seems to impact the bottome line -- lots of hype --> flat bottome line
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
First half npbt 18m full year projection 31m therefore approx 13m for 2nd half... i would have thought that summer months would be far more profitable for them
That says H2 NPBT will be about $12.3m (at $31.0m) which is 14% DOWN on pcp
Doesn't seem to make sense
Think I have used the correct NPBT numbers - they have so many variants eh
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Webinar done and dusted via ZOOM. Punters seem very happy overall as not many questions except from one guy who had bunch of questions, not difficult ones.
Disc: I topped up a few more this morning. I am very pleased to see them stripping $4m+ from overhead costs. Augers extremely well for the future and I think its highly likely that yield is sustainable going forward.
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
Disc: I topped up a few more this morning. I am very pleased to see them stripping $4m+ from overhead costs. Augers extremely well for the future and I think its highly likely that yield is sustainable going forward.
Not just sustainable .....but as the slide in their presentation shows A GROWING DIVIDEND
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Yes I think that's fair comment. Stripping $4m+ from overhead from FY22 onwards along with the trading outlook provides solid encouragement for profit growth in FY22 and beyond.
I see they are digitizing their loan application processes. I haven't had time to read the whole presentation yet. Have they mentioned the fintech buzzword in there somewhere
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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Originally Posted by Beagle
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