Meanwhile I expect a strong sales update in the next few days and see the currency is well over U.S. 70 cents so I expect that will provide useful gross margin tailwinds going forward.
Great announcement a certainty --- should get punters excited --- 8 bucks here we come
Might even be tomorrow - the update that is
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Great announcement a certainty --- should get punters excited --- 8 bucks here we come
Might even be tomorrow - the update that is
Last year trading update was given on 4th Dec, so we may as well see an update tomorrow which coincides to be last day to get in to be eligible for upcoming 24c divvy.
Today is the last day HLG trades cum it's fully imputed 24 cent dividend to be paid on 15 December.
I calculate the theoretical ex divvy price on Monday to be $6.96 - 0.24 = $6.72.
Updated dividend yield forecast for FY21 at theoretical ex divvy price.
Based on 50 cents fully imputed dividends for FY21, (remember they has ~ $50m in the bank as at last balance date = 83 cents per share so are very liquid) that's 50 / 0.72 = 69.44 cps gross / $6.72 = 10.33% gross estimated yield for FY21 I reckon that's compelling when you consider the ultra low interest rate environment for the foreseeable future, the excellent growth prospects Glassons has in Australia and the companies very strong balance sheet and liquidity position as well as strong growth in sales which underwrites their ability to sustain that dividend. Currency tailwinds are also very favorable.
Last edited by Beagle; 04-12-2020 at 10:03 AM.
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
Originally Posted by Beagle
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