you lucky person up another 3% today must be the funds management business taking off? those big fat fees rolling in even bigger when the fund hits say 5 billion one day the directors will be rolling in the gravy haha
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Very firmly believe it is under valued. Got in position early. Well looking forward to it now
http://www.goodreturns.co.nz/article...sing-etfs.html
might be reason?
CEO cleaning out underway?
https://www.nzx.com/companies/NZX/announcements/304510
looks like a good result too, wasnt to hard though i guess to improve on last dreadful performance.
funds management and derivatives look like clearly best areas for growth while a lot more work needs to be done on other areas for better performance.
they can easily afford a higher 4c div for second half if there numbers come in and growth outlook looks good - reward for long suffering s/h?
yes it is slightly better than I expected but I remain dubious. anything other than the market operations business is likely to remain insignificant in my humble opinion
The improvement was largely provided by cost reductions.... which isnt a long term way to grow a business
I was more encouraged by the comments from the new CEO with his campaign to improve listings. But need to see evidence of this first to consider a worthwhile investment
Correct me if I'm wrong but I thought their dividend was more than their earnings. .....
dividends were higher in 2016 due to costs blow out, historically they have not been higher and should revert to the norm this year.
like i was saying they havent increased div since 2014 it will be 2018 next yr - guess they thought all there business buys they needed to fund the growth.lol
so i would think after 6 mths of reviewing there business and developing strategic strategy going forward ( be very interesting ) if they go for more of the same as last 3 yrs expect no increase if they go for improving what they got and doing it better the clue is to watch the dividend no increase or mention of increase would suggest a lack of faith in there new strategy and more than likely just a pr exercise.
anyway check out asx results stellar just released these people are really good at running an exchange