First half npbt 18m full year projection 31m therefore approx 13m for 2nd half... i would have thought that summer months would be far more profitable for them
First half npbt 18m full year projection 31m therefore approx 13m for 2nd half... i would have thought that summer months would be far more profitable for them
SO around $3 for a no growth company is about right
NPBT last 4 years - 31.1m / 29.0m / 29.1m /say 30.0m in F21 (Turners preferred profit figure)
Seems to me that TRA is a stock just for the dividend (even more so if one buys at the lows of the cycle) and trading the inevitable swings in the share price according to market sentiment of the day
What gets me is that the hype over the last few years never seems to impact the bottome line -- lots of hype --> flat bottome line
Webinar done and dusted via ZOOM. Punters seem very happy overall as not many questions except from one guy who had bunch of questions, not difficult ones.
17 cps fully imputed = 17 / 0.72 =23.61 cps gross. 23.61 / 290 = 8.1% Gross Yield
Disc: I topped up a few more this morning. I am very pleased to see them stripping $4m+ from overhead costs. Augers extremely well for the future and I think its highly likely that yield is sustainable going forward.
Yes I think that's fair comment. Stripping $4m+ from overhead from FY22 onwards along with the trading outlook provides solid encouragement for profit growth in FY22 and beyond.
I see they are digitizing their loan application processes. I haven't had time to read the whole presentation yet. Have they mentioned the fintech buzzword in there somewhere ;)