FY21 Owner Earnings will be around $100M.
Just incredible.
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FY21 Owner Earnings will be around $100M.
Just incredible.
Stand by for a rocket ride today.
told ya it was bullish now. I nearly added but it didnt quite hit 15.5 my limit order
Wow that is a HUGE upgrade. I took a position on open as I think the guidance update will be the turning point of investor sentiment.
Is it known how much the sale of OSB assets will net in a one off gain?
Because I am looking at the top line revenue guidance which just looks like it has been firmed up to a narrower range + $5m increase or <1% increase. Yet the bottom line has big jump of 50%
... positive news trend forming now with more good news to follow soon.
Bugger, shudve listened to gut and topped up on recent lows. Still bargain buying IMHO so will keep buying at these levels. Can't go wrong medium/long-term?
Is the euphoria a little misplaced though? Looks like a profit upgrade on the basis of the (unapproved) sale and further cost cutting instead of material revenue increases.
Also they say "Sky’s revised guidance includes the impact of the proposed sale of OSB assets to NEP NewZealand Limited, announced on 12 August 2020 and currently awaiting CommerceCommission approval."
What is the one off impact to profit? Because revenue growth is nominal.
Most of it is one-off (OSB).
Any one-off proceeds from OSB sale would have been included in the November guidance upgrade one would think. Looks like operating efficiencies are significantly increasing margins. The company should however clarify.
I've been asleep all morning.... What's going on?
https://i.imgur.com/ULEegzZ.gif