the market is very rarely wrong , old saying - never fight the market especially when its going down the toilet
Printable View
I would think Fletchers own long list of problems would needed to be shorted out first, before they looked at any greener pasture short list.
Then again thinking about it Fletchers do have a history of looking at the shorter greener pasture list.!!.lol.
ps.Have Fletchers ever not paid too much for an acquisition?.When I read the book on the history of FBU, it was very clear they went from one disaster to the next one.
Markets have always under shot,or over shot.
Always hard selling, when they over shoot as it feels good,
Even harder buying when they under shoot, as it feels all wrong.!
Warning bells always ring for me ,when I start working out each Saturday morning, how much money I have made for the week.!!..lol.
AGM - 'dividend at lower end of policy range' was mentioned
Didn't specifically say F18 (part of 3 year aspirations) but in view of $25m capex you would think that it would apply this year.
F17 dividend was 67% of npata. As policy is 55% to 75% F18 dividend could be (or likely to be) 55% of npata - so 18% less than last year plus or minus something depending how flat flat is.
That's how I see it anyway - pretty clever at reading between the lines.
npat 16 - 17 m 55% div payout whats that 5cps share price 90c still equals 6% odd .... great yield