Skellerup (SKL) Fundamentals

[sb9]

I'm sure those who are able to make it to ASM this arvo, would be in far better position to give us more snippets.

[xafalcon]

SP up 10c since announcement

[sb9]

I reckon $1.50 by ASM next week.

Not bad prediction from last week posting...

[stoploss]

Always a good sign when the CEO & CFO put there personal mobile numbers on an announcement ...not afraid to answer questions .

[sb9]

Skellerup expects strong increase in profit

https://nzx.com/companies/SKL/announcements/272427

Now it all makes sense about all that strong insider buying over past few weeks (months).

[DarkHorse]

Low valuation (PE/PCF/yield); No debt; Strong management with large stakes; agri division at cyclical low, industrial division showing good growth and great potential; solid annual growth forecast.
Won't be a multi-bagger but risk-reward in low-interest rate environment looks very attractive to me

[stoploss]

Now it all makes sense about all that strong insider buying over past few weeks (months).

Cushing told shareholders that the company's share price had risen to $1.57 today which was a “fine way to start” the 14th annual meeting.
He also assured them that recent share purchases by directors and management were in line with stock exchange rules and were not a result of them “knowing anything in advance” of other shareholders.
Earlier this month NBR referred to share purchases by directors and officers and, in particular, noted Mair and Cushing had been especially bullish on the company, investing $2.5 million and $1.4 million respectively. Skellerup’s shares had been on a downward trend until it delivered a better-than-expected result in late August.
Cushing said a lot of the company’s stock had come on the market at one time due to a sell-down by institutional shareholders which could have had a negative impact on the share price but instead it has risen.
One of those institutions is AMP Capital Investors which held 16 percent of Skellerup according to the 2014 annual report, reduced to 8 percent in the 2015 report. In a September notice to the stock exchange AMP further reduced its shareholding to 4.93 percent.
http://www.scoop.co.nz/stories/BU151...-prospects.htm

[percy]

Cushing told shareholders that the company's share price had risen to $1.57 today which was a “fine way to start” the 14th annual meeting.
He also assured them that recent share purchases by directors and management were in line with stock exchange rules and were not a result of them “knowing anything in advance” of other shareholders.
Earlier this month NBR referred to share purchases by directors and officers and, in particular, noted Mair and Cushing had been especially bullish on the company, investing $2.5 million and $1.4 million respectively. Skellerup’s shares had been on a downward trend until it delivered a better-than-expected result in late August.
Cushing said a lot of the company’s stock had come on the market at one time due to a sell-down by institutional shareholders which could have had a negative impact on the share price but instead it has risen.
One of those institutions is AMP Capital Investors which held 16 percent of Skellerup according to the 2014 annual report, reduced to 8 percent in the 2015 report. In a September notice to the stock exchange AMP further reduced its shareholding to 4.93 percent.
http://www.scoop.co.nz/stories/BU151...-prospects.htm

Thank you for your comments and the link.
Directors/management have been making excellent decisions,and I agree with DarkHorse's summary.
Pleasing to see the Ultrathom foam products starting to do well in the US.

[sb9]

Based on the update from ASM, I'm picking 4c interim and 6c final for the FY 16 making a total of 10c divvy for the year. Thoughts?

[Under Surveillance]

Based on the update from ASM, I'm picking 4c interim and 6c final for the FY 16 making a total of 10c divvy for the year. Thoughts?

You might be right, especially if NPAT comes in at the top of, or above, the forecast band of $24 to $26 million.
The policy was to pay dividends within the range 40% to 60% of NPAT.
In FY 2012 NPAT was $24.7 million and the payouts, 3 and 5 cents, amounted to 62.2% of NPAT.
I don't know what the dividend policy is now, but clearly 60% is no longer a cap.