Originally Posted by
Beagle
The three factors they mentioned as impacting this year's results have all be fixed or ameliorated. Exchange rate was around John Key's goldilocks 65 cents for quite some time there and that's obviously changed materially and the start of winter was the warmest I can ever recall and oh my goodness how that's changed !! Looks like Glasson's its getting is product offer sorted too.
With other clothing retailers like Kathmandu doing well this year's result is increasingly looking like the bottom of the cycle.
Good that the top line has been maintained which gives me confidence they can bounce back from here. Signalling final dividend will be at historical level's has this hound assessing the future deliveries to his food bowl.
Last year we had 16.5 cps final and 13.5 cps interim, total 30 cps fully imputed so at $2.70 that's a net dividend yield of 11.11% or a gross yield of 15.4%.
This reporting season is ALL ABOUT THE OUTLOOK and this is a prime example in my opinion. Outlook materially better than the expected result. How many other companies pay you a consistent 15% divvy to wait for improved results ?
There's definitely seriously good value here for dividend hounds !!