Last year was a record year.SFF Ltd NPAT was $70mil.I do not expect this year's to match.I have done some figures on it being down 20% to $56.56 mil,as I have no idea what their budget is..Originally Posted by Sideshow Bob
Well done Percy! To use your word.....OUTSTANDING!!
On a serious note, in this environment, you can't let something with a dividend yield of 6.9% and PE of 2.2 go unnoticed. While last year was a record, and possibly a slight outlier, I think further market attention and share price increase will come if they are consistent in their profitability, and make money through all conditions. Traditionally one good year has just been to offset the previous bad one.
1 month to go in their financial year - on budget as of a month ago - and while expect it is not as high as last year, I'm sure it will be a "meaty" number.
SFF Ltd's distribution policy is to pay out between 30% and 50%of its NPAT to its two shareholders,SFF CoCp and Shanghi Maling.
So 30% is $16,968mil and 50% is $28.28 mil.
SFF CoCp will receive either, $8.484mil or $14.14 mil.
This year SFF CoOp held back some rainy day funds,[no need to this year] yet paid out $7.9mil to shareholders of which ordinary shareholders received 5.4 cps fully imputed divie.
So I am expecting SFF CoOp will be in a position to pay the existing divie or increase it.
The big upside will off course be if their result is better than being down the 20%. Being down 5% to 10% I would expect a huge increase in The CoOp's divie to perhaps 8 cps for a yield of 10.25% at share price of 78 cents.
My average cost price per share is 60.6 cents.At 78 cps I am up 28.7%.I also received 5.4cps divie.
I expect a good result will see the share price above $1.
Reply With Quote
Bookmarks