Only 78 cents (NZX) including today's 15 cent fall
I made the call that things were looking fully valued a few weeks ago but didn't sell. Foolish? Now we are back under $4-, my $3.50 target price is looking more realistic.
But somebody will be happy as dividend imputed
Yes very happy to see $52.034m in the imputation account at the 30th June balance date. That means Sky City can pay a fully imputed dividend of:
$52.034m /0.28 = $185.836m
$185.836m / 667.377m =27.8cps
So why is the dividend going to be only a measly 10.0cps on 15th September 2017?
Too much? Too little? What a fussy dividend hound I am.
SNOOPY
Last edited by Snoopy; 09-08-2017 at 11:13 AM.
Watch out for the most persistent and dangerous version of Covid-19: B.S.24/7
I made the call that things were looking fully valued a few weeks ago but didn't sell. Foolish? Now we are back under $4-, my $3.50 target price is looking more realistic.
Yes very happy to see $52.034m in the imputation account at the 30th June balance date. That means Sky City can pay a fully imputed dividend of:
$52.034m /0.28 = $185.836m
$185.836m / 667.377m =27.8cps
So why is the dividend going to be only a measly 10.0cps on 15th September 2017?
Too much? Too little? What a fussy dividend hound I am.
SNOOPY
Its not what's in the ICA, (Imputation credit account) that matters its what this sin company can pay out of its slightly reduced EPS winnings.
Disc: This hound finds eating food off the plate of addicted gamblers to be a distasteful experience
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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