Yes I think not only will we get an Interim 15c divvy next month but also a Final dividend, probably in Dec.
Also historically Finals are usually larger than Interims and this could well be the case this time.
That would be nice. :)
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Thanks Snow Leopard. This does seem an unusual but exciting opportunity. Cheers
Outstanding result and I bought some today. I've been mulling buying shares for a couple of weeks so a bit disappointed I was so late!
I'm a bit confused about the divvy. Is the ex dividend date 4 September, which is also the same date of payment?
Dividend dates are here mate. http://nzx-prod-s7fsd7f98s.s3-websit...264/328717.pdf
HLG have a long track record of paying out dividends that are very close to the eps. At the mid point of the forecast eps is 46.3 cps.
if they pay out full dividend there wont be much time to accumulate larger holdings. Prehaps MR B bought before the posting because he may well have put a floor under the price with 9% gross.
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Info already posted above by others here
Possibly worth noting they held back ~ 10 cps of the first half earnings, (as well as delaying it) so provided trading is okay between now and report date they might pay out all of the second half earnings, about 21 cps for a total this year of 36 cps. I think despite their extraordinary track record with a very high payout ratio they'll play it a bit safe this year and I think that's very prudent in the circumstances.
Mr B has high lighted that they may indeed wish to hold some back. Prehaps this will be the only chance to buy in more heavily. Once a vaccine roles out the doors and moderna has enrollments running at over 8000 heading to 30,000 for a january rollout.
A gentlemen tonight said he had done well the last 10 years buying F&P , mainfreight ect. He said he followed the stories of well run companies and bought in because of the story. He was not an accounting professional but said it was like horse racing and make sure you read the story of the team who are running the stables.
HLG has proven itself a winner and the team has prehaps not been covered as in depth. Is this company a story that some of us has just not believed in while MR C knew the stable?