Fwd looking P/E most likely closer to 2 than 3 !!
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big turnover today of 380,833 shares.
Last 12 months 4,417,168
Going XD for our Christmas bonus today :-)
Will be 31.9cps in the last 12 months. At current price of $1.64, that's a 19.45% gross yield.
I think given they paid an interim divvy (1st time ever??), the amount of money sloshing around the company and others reporting better/record results (eg Alliance), then a good chance the full year could be better than last.
USX website says PE is 3.155
They've made $240m after-tax in the last 3 years, and maybe paid out something like 34cps imputed (including the current divvy), so about $34m from the Coop. Times that by 2 and then round it up to say $80m, so they've squirreled away say about $160m and then another boomer likely this year. Market is effectively valuing the company at $330m
My only concerns is how well the retained funds and capex is invested for a return.
Happy Dividend Day!! :t_up: