Think it was mid-morning before the results came through last year.
Abit annoying.. Don't know why these announcements aren't available in plenty of time before the market opens for play.
Half year results were posted 9.02am. Is it a glitch in the nzx that it is not showing?
EPS up from 12.4 cps to 12.9 cps, up just 4%.
Outlook mid point is $78.5m which on 569.3m shares (will be slightly more due to dividend reinvestment scheme effect) gives about 13.8 cps. Probably 13.6-13.7 cps after new shares issued under the DRIP.
$1.60 / 0.136 = forward PE of 11.7.
I'd call this a very average result. I'm holding but will not be confusing sentiment with the real facts as reported or the pervasive sentiment regarding the macro economic outlook. Dividend increase is the best aspect to this result. Shares probably fairly priced in my opinion considering the storm clouds of a global economic slowdown are so clearly evident.
Last edited by Beagle; 15-08-2019 at 11:10 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 Benny1
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