Originally Posted by
Fiordland Moose
Aye my back of the envelope is 24c EPS as well (key assumption 15% growth on 2H FY21 NPAT of 20.675). That should produce ~21c DPS - after this mornings bump gives you 4.6% gross and 3.3% net yield (@6.34).
It's my strong assumption that all FY22 financial metrics (EBIT % of sales, returns on capital employed, returns on equity, working capital % sales, etc) will be showing continued improvement off FY21, which were an improvement off FY20, which year an improvement of FY19, and so on, and on, and on.
As far as the SP goes, can earnings continue to rise fast enough to offset rises in interest rate which influence its WACC and market sentiment to maintain a SP over 6 bucks. So far so good but a lifetime to go. I reckon OCR will be at 3.00% by early 2023.
as I stated months ago I start to get interested at purchasing at $5.50. Nearly got there but I guess that is off the cards for now. Happy holder I am.