Vector Limited (VCT)

[macduffy]

Tax adjusted dividend yield is apparently 5.3%, not adjusted is 6.7%. Book value of the company is about $2.05 per share.

I'm always a bit diffident about quoting dividend yields because we're often not sure whether they are historical or forecast, if the former whether they will be repeated and if the latter, just who made the forecast, etc.

However, this morning's DomPost lists Vector's div as:

Div yield 6.69% IMP Credits 5.68% Gross Yield 9.56%

[Jim]

On Directbroking site PE is 28.25 while Reuters is 14.11. Who is correct ???

[moimoi]

Under the present ownership and regulatory frameworks, I doubt whether Vector will ever really be more than a mediocre company. It can't be a takeover target, if it makes too much profit the government steps in, but then again it can't go bankrupt.
Looks like it will be "steady as she goes" for the foreseeable future.

Agreed..

what i've been a little surprised at is that the reduction in debt from the sale of the Wellington network has led to zero improvement in market sentiment in the stock.!

[Dr_Who]

Agreed..

what i've been a little surprised at is that the reduction in debt from the sale of the Wellington network has led to zero improvement in market sentiment in the stock.!

That is why the trust structure has to go.

Either the Trust privatises VCT or the govt gets rid of the trust all together by selling the asset to private hands. The current board sitting on the trust are totally useless and must go. I will be pushing for some changes.

[Yossarian]

Annual results out. Solid if boring result (16% increase in NPAT), with a slight increase in dividend.

This is still a good defensive play. By my calcs the gross div is around a 9.5% yield (at $2.05 SP) which is a hell of a lot better than $$ in the bank!

[Dr_Who]

VCT to benefit from the government high speed broadband spending?

VCT is way ahead of TEL is rolling out the high speed cables. The quiet achiever?

[Jim]

I just pick up some very generous from VCT yesterday.WOW !!

[peat]

from a year ago

closed below 2.14
new lows coming up according to this EW analysis.

now 1.89. admittedly went to 2.30 along the way.
it even looks like its breaking the 1.90 zone support area,
next stop 1.75
all in my opinion

[fish]

from a year ago


now 1.89. admittedly went to 2.30 along the way.
it even looks like its breaking the 1.90 zone support area,
next stop 1.75
all in my opinion

I bought some yesterday at 1.89 and am thinking of buying more .
At a 10% yield and good prospects current sp looks a very safe buy.
Am curious as to why the sp is so low-and why you think it will drop to 175 ?

[Dr_Who]

I will buy some of these if they drop below $1.80