I guess the result was ok, but not really skyrocketing. As well, SP didn't really crash down either, didn't it? Latest SP movement could have lots of causes including further deteriorating sentiment in the building industry - though, how can something at rock bottom keep deteriorating?
Seems to be a little of the PGW creeping in here - Mr Malpass' comments talk about the positive first half result including the "optimization of the property footprint". Am i right in thinking that the building they sold is showing up in earnings and subsequently dividends?
Seems to be a little of the PGW creeping in here - Mr Malpass' comments talk about the positive first half result including the "optimization of the property footprint". Am i right in thinking that the building they sold is showing up in earnings and subsequently dividends?
"Company has reaffirmed FY19 EBIT guidance of $25m"
No news is good news that is for sure... unfortunately there is still a good few months some news (good or bad or neutral) could be released) so 25m EBIT FY19 is far from a done deal in my view.
As a holder, I am confident $25m will be met and around 8 cents in dividends will be paid this FY19... the market seems to be gaining a bit of confidence in STU lately as well.
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