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26-02-2016, 02:25 PM
#4991
....could be announced anytime. Yes?
Last edited by h2so4; 26-02-2016 at 02:26 PM.
h2
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26-02-2016, 02:34 PM
#4992
Originally Posted by h2so4
....could be announced anytime. Yes?
AFAIK it only needs a directors resolution and the ability to do so is already embodied within the companies constitution. They certainly kept plenty of money up their sleeve in terms of earnings this last half.
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
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26-02-2016, 02:34 PM
#4993
Originally Posted by Roger
Morningstar my least trusted research house but FWIW that translates to EPS on 1122m shares of 2016 56.3 cps, 2017 63.7cps and 2018 56 cps. Average earnings for next 3 years 58.7 cps. On a $2.73 Sp that's a PE of 4.65 which is surely the lowest ever for AIR ?
Average dividend yield of 29 cps per year for the next three years and all with be fully imputed, (yes Morningstar we call it imputed here in N.Z. not franked), because they have heaps of imputation credits available so 29 / 0.72 = 40.28 cps gross / $2.73 gives a gross dividend yield on average for the next three years of 14.8%.
Not sure how they came up with a valuation of $2.80 on those PE and yield numbers...
And the really good thing about Air divs is that you will have both divs in your bank a/c in just under 7 months.
Assuming you have just bought today.
Last edited by h2so4; 26-02-2016 at 02:42 PM.
h2
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26-02-2016, 02:36 PM
#4994
Last edited by h2so4; 26-02-2016 at 02:38 PM.
h2
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26-02-2016, 02:50 PM
#4995
Originally Posted by h2so4
And the really good thing about Air divs is that you will have both divs in your bank a/c in just under 7 months.
Assuming you have just bought today.
Yes that point is not lost on me but I prefer to handle it a different way focusing on the medium term. My policy with shares that are paying a known dividend within the next month is to base my analysis on the theoretical ex div SP, (i.e. deduct the dividend that's coming in 5 minutes time so too speak) On that basis (i.e. $2.63) the three year average forward PE based on Morningstar's analysis becomes an incredible 4.48 and the gross dividend yield 15.32% ! Not too shabby is it when QAN isn't paying a dividend at all and most U.S. carriers typically pay 1-2 % annual dividends !
FWIW I think Morningstar are probably a bit light on this years EPS and a bit heavy on the following year. I don't want to make any call on Fy18 at this early stage
Last edited by Beagle; 26-02-2016 at 02:53 PM.
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
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26-02-2016, 02:54 PM
#4996
Originally Posted by Roger
People will be very cross at the Annual meeting is there's no special this year.
Special provisions will be made for Roger...
Attachment 7913
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26-02-2016, 03:08 PM
#4997
LOL your leisure time activities are starting to worry me Onion...
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
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26-02-2016, 03:54 PM
#4998
Originally Posted by Roger
Yes that point is not lost on me but I prefer to handle it a different way focusing on the medium term. My policy with shares that are paying a known dividend within the next month is to base my analysis on the theoretical ex div SP, (i.e. deduct the dividend that's coming in 5 minutes time so too speak) On that basis (i.e. $2.63) the three year average forward PE based on Morningstar's analysis becomes an incredible 4.48 and the gross dividend yield 15.32% ! Not too shabby is it when QAN isn't paying a dividend at all and most U.S. carriers typically pay 1-2 % annual dividends !
FWIW I think Morningstar are probably a bit light on this years EPS and a bit heavy on the following year. I don't want to make any call on Fy18 at this early stage
Looks like the even some of the pessimists can see these are crazy numbers. I'd have bought myself earlier except I'm anxious to avoid this problem
https://www.youtube.com/watch?v=rXH_12QWWg8
Last edited by Beagle; 26-02-2016 at 03:57 PM.
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
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26-02-2016, 05:34 PM
#4999
Originally Posted by vin
Eyes peeled Mr Jinx, I would be topping up but im substantially overweight as it is..
The divvy will make me feel better :P
vin - told you there would be action after lunch
Overweight eh - but don't go on a diet. Better to hold on and get more overweight as the share price outperforms
Last edited by winner69; 26-02-2016 at 05:49 PM.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
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26-02-2016, 05:47 PM
#5000
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