Nicely spotted. Another warning sign for those that need it.
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
Company hasn't forecast FY19 earnings so if we don't know what the forward PE is.
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
The whole thl story hasn’t change. It is still growing core business. Can’t expect management to keep growth rate and not taking money to reinvest in future. I am stay calm just taking the dividends .
The whole thl story hasn’t change. It is still growing core business. Can’t expect management to keep growth rate and not taking money to reinvest in future. I am stay calm just taking the dividends .
After reading some fairly positive comments, followed by plenty of negative ones, and seeing the massive drop in SP, I decided to go back and review the investor presentation that accompanied the results announcement.
Overall, I found the outlook for 2019 to be uncertain, but not as negative as the reaction would suggest. The following comment from page 7 suggests that at these prices the return to shareholders is looking very good indeed.
"We need to consider new medium-term goals for the business. The underlying assumptions for the 2020 NPAT goal of $50M haven’t materially changed. We will reset a new goal. It is too soon to set that goal, but we will set it openly and deliver. The new goal will be substantially higher."
Originally Posted by couta1
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