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The result came out late Friday afternoon.
Was very much under expectations,and I guess the SP with get smashed tomorrow.
I was trying to work out what they worth,and whether to let mine go or not,
and surprised myself with the following figures.
The PE is 18.Revenue growth was 18.5%.
NPAT was up 47%.
Basic eps was up 42.6%.
Diluted eps was up 39.3%
Dividend increased.
And the potential "blue skies" are still there ,just taking a little longer to achieve.
Last edited by percy; 23-08-2015 at 07:32 PM.
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Down 10% post announcement
Were there high expectations of a better result than this?
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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Percy I hope not too much of a smashing , they already went from 55.5 to 44 ... Been away for the weekend . Did I see somewhere despite the negative reaction they are doing well enough to pay a dividend ?
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 Originally Posted by stoploss
Percy I hope not too much of a smashing , they already went from 55.5 to 44 ... Been away for the weekend . Did I see somewhere despite the negative reaction they are doing well enough to pay a dividend ?
This dividend is 1 cent.Exdate 31/8/2015.Record date 2/9/2015 Payment date 18/9/2015.
KME started paying dividends with the half cent dividend per share we received in March.
Yes,when I saw good volume going through at 55 cents I thought $1 here we come!!!!!!!!!!!!!!!!!! Was well positioned.!!
Price on Monday?? Well the Aussie's are either " all go" or "all woe".Let's see how woeful they can be.
Interesting the market cap is only $19.44mil at 44cents.OK the risks have gone up considerabily,but the potential rewards are still there!
I am retaining my shares.
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While it was below expectations, those expectations were probably a bit overblown. I don't recall the company making any huge forecasts, but many were probably hoping for the same level of seasonality seen in the past. For a company that just increased NPAT by almost 50% and still has growth options I wouldn't say 18x historical profit is outrageous. I have a small holding so a potentially biased view.
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Originally Posted by KW
That depends on what NPAT growth is going FORWARD not past. If growth is sub 20% then potentially its expensive. And the market is in the midst of a harsh P/E compression cycle. I'd also be cautious about them missing estimates, if business is dropping off the next half might be even slower.
Yes very true
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The commentaries provided by Kip and Storm are positive, and maybe best summed up;
"Financial results are encouraging, and suggest the strategic course we have set is the right one."
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Strong earnings update today should make large shareholder Pie Funds very happy.
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12-09-2018, 01:19 PM
#100
Thats transparent , great stuff.
The Chairman, Kip McGrath, wishes to advise the market that he intends to sell shares over the next 4 years at an
average rate of 45,500 shares per month.
This would result in the sale of less than 15% of his holdings over a 4 year period.
Not holding atpit.
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