Increasing their range,will cost.
The dividend yield is very high,compared to overpriced growth stocks I agree,yet I think a long term PE of 12.2 is too high for this under achiever.
Will continue to watch, from a safe distance, with interest?!
Printable View
Well the EMA 200day is $1.17 and the share price has gone through it at $1.18,so hopefully you are at the beginning of a new uptrend.
I do note the EMA 200 day has not turned up,so it may need a few days to confirm the uptrend.
SCT has also turned up.
Must admit I am puzzled by both.
given all the excitement around PEB and OHE nobody seems to have noticed that MVN released their HY results:
https://www.nzx.com/files/attachments/204414.pdf
Revenue (slightly) down; earnings (slightly) up. Quite positive outlook (expect FY results to be at upper end of 15 to 25% increase to last year - i.e. basically hinting 9 cts EPS for FY 15), and seem to be on track to release their new product range early 2015.
Still - even with the promised EPS, they would need to pay some of the dividend out of the cash flow ... but the gap is closing.
Market seems to like the announcement - the upwards trend received today another nice push ....
I noticed and read the report last night but it doesn't take much enthusiasm showed on here to bring out the knocking brigade. Disc-Happy to Hold
Yes I saw the announcement.
Positive, as is the rising sp.
Still all about fixing things so business 'fit' for the future
Still 25% forecast increase in earnings this year good sign
Result just as expected and typical MVN performance
Your divie be OK
Head honcho on the radio this morning
http://www.radionz.co.nz/audio/player/20158681
if it is 'Fixed for the Future' you guys should be looking at (demanding) a divie of at least 12 cents this year, if not 13 cents