http://www.sharechat.co.nz/article/8...t-savings.html
A bit more colour on the results.
Obviously more work yet go be done but looking good.
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http://www.sharechat.co.nz/article/8...t-savings.html
A bit more colour on the results.
Obviously more work yet go be done but looking good.
Earnings 4.0c; Dividend 3.5c. Oh well, won't complain.
(No one listens when you do. Look at these shoes, only had them....)
Mr market dont like the result?
I guess the result was ok, but not really skyrocketing. As well, SP didn't really crash down either, didn't it? Latest SP movement could have lots of causes including further deteriorating sentiment in the building industry - though, how can something at rock bottom keep deteriorating?
Just wondering what STU's exposure would be to the latest crash in the construction industry (Arrow): https://www.nzherald.co.nz/business/...ectid=12208318
Plenty of steel in the Herald news paper picture (article above) - I am wondering whether it has already been paid for?
Seems to be a little of the PGW creeping in here - Mr Malpass' comments talk about the positive first half result including the "optimization of the property footprint". Am i right in thinking that the building they sold is showing up in earnings and subsequently dividends?
Will the FY19 earnings guidance coming soon?
Obviously there are many out there expecting the guidance to be very positive. That is a steady trend upwards, and now through the 180 day MA.
https://www.directbroking.co.nz/Dire...uperchart.aspx
Guidance already provided in Feb when they announced their interim results - everything on track.
http://nzx-prod-s7fsd7f98s.s3-websit...654/295052.pdf
"Company has reaffirmed FY19 EBIT guidance of $25m"
No news is good news that is for sure... unfortunately there is still a good few months some news (good or bad or neutral) could be released) so 25m EBIT FY19 is far from a done deal in my view.
As a holder, I am confident $25m will be met and around 8 cents in dividends will be paid this FY19... the market seems to be gaining a bit of confidence in STU lately as well.