Hi mate, how's things ?
Just giving you a heads up that their divvy policy is to pay out not less than 70% of underlying profit for the year.
~ $40m profit = about 11.6 cps earnings for this half so 70% of that is 8 cps. I think given the uncertainties and potential near term threats to the business with Omricon and the significantly diminished cash position they are most likely to be in compared to the previous full year result (see an earlier post rough estimate for cash on hand at the pending interim report date I made a few days ago), the interim dividend will be right at the bottom of the 70% minimum limit, i.e. 8 cps, maybe 9 cps if you're lucky.
If they make $90m for the year that's 26 cps and 70% of that is 18.2 cps, possible estimate for the final dividend for FY22 is 10 cps. Grossing that up for imputation credits = 18.2 / 0.72 = 25.27 cps and on the current share price last time I looked of $3.41 that gives a gross prospective annual yield of 7.4%
Worth trying to dividend strip divvies of that size or hold for the gross yield ?, you be the judge.
Hi Beagle. Happy new year. Thanks for that info. A dozen oysters for you at next meeting.
Take note Nick - ..... there’s a risk of marketing myopia. From inside your mind and the minds of your marketing team, it can be easy to imagine that consumers are just waiting to “mingle freely” with your brand. Typical marketers sometimes over-inflate just how much people think about brands or want to engage with them.
Fun though eh Nick ..... if there's hype you have to join in
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Back office running like a dream, almost asleep whatching CNBC... Maco coffee in hand... better do some swim training later. bit too wet to test out the new blades.
Its the ME Verse...A new marketing manager in an accounting firm in hamilton last year, short skirt and high heels.
Back office running like a dream, almost asleep whatching CNBC... Maco coffee in hand... better do some swim training later. bit too wet to test out the new blades.
Took the dogs out earlier .... the greyhound needs some swim training .... he a country boy who probably never seen the sea before lol
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Hi Beagle. Happy new year. Thanks for that info. A dozen oysters for you at next meeting.
You're welcome mate. $2.50 would give a 10% gross yield if they can make $90m this year.
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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