Just look at the expected EPS (say 5 cents, if it is like the last one) and their dividend policy (I think they said 50 to 70% of earnings).
3 cents per share and year sound on that basis achievable.
Not a bad return for a 45 cents share ....
You missed something
Note 6.1 - 2021 Financial Statements:
Imputation credit account
The amount of imputation credits at balance date available for future distributions is $27.0 million at 31 March 2021, ($19.4 million at
31 March 2020).
add in 100% Fully Imputed Credits attached to Dividends ?
It looks irrevocably better than having 33% swiped out of Div payouts by the long hairy arm of HM's Tax Collector
for those Companies which dont have or attach imputation credits
add in 100% Fully Imputed Credits attached to Dividends ?
It looks irrevocably better than having 33% swiped out of Div payouts by the long hairy arm of HM's Tax Collector
for those Companies which dont have or attach imputation credits
EPS 6.5 cents at 70% is a divie of 4.5 cents net ..... ie 6.3 cents gross
Wow nxtx - buy now and that's 14% gross yield
No wonder we are all getting excited
I'll PM Beagle about this - wouldn't want him to miss out
Last edited by winner69; 07-08-2021 at 02:44 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Wake me up when they actually grow revenue. Biggest building boom in history and they consistently sell less and less glass each year. There is a reason why the dividend yield is so attractive.
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