Correct, but just to clarify: The 4.43 cents have been the earnings for the full 2016 year. The 5.73 cents have been the earnings for the first 6 months of the 2017 year.
Quite pleasing result.:t_up:
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Correct, but just to clarify: The 4.43 cents have been the earnings for the full 2016 year. The 5.73 cents have been the earnings for the first 6 months of the 2017 year.
Quite pleasing result.:t_up:
Congrats holders.I will have a double shot latte today in empathy and for a caffeine sorry for selfpick me up.:mellow::sleep::D
And you too :)KW
Wow! ATM just became my best performer in my portfolio. +400% :) :) :)
I may add they may not need that war chest to fight that battle, as am expecting an outside court settlement before that and a hefty payment for the damage. Or else damages could be substantial for Lion if they take it all the way to court in Nov.
Anyway, back to results which as per fellow posters are stupendous!!!
$108m of cash on hand as at end Dec 2016, that alone is massive in my opinion.
Although they've flagged lower IF sales in 2nd half of this year compared to 1st half but higher than 2nd half of 2016, my guess is they're being conservative with their estimates and err on being cautious. And if we know them well enough, they always "UNDERPROMISE and OVERDELIVER".
We could be looking at a maiden divvy of at least 5c at end of FY reporting in August or even 10c if cash reserves keep building up the way they are....:t_up::D
Sitting in chch koru, looking at the screen to see what happens once the price updates on the screen at 10.20am......:eek2:
A couple of points from the half year presentation - pg 18 "conclusion and outlook" section.
https://www.nzx.com/files/attachments/252930.pdf
"Anticipating infant formula sales in 2H17 to be lower relative to 1H17 (but materially higher than 2H16)"
"Assuming current trends in earnings and cash flow continue and in the absence of significant capitaldemands, the Board expects to adopt a dividend policy following completion of the financial year"
Would be nice to have more detailed guidance on 2H.