No,no,no no.!
The sp will be driven by earnings.
Earnings will be excellent,and so the sp will rise.
Forget the $4 target.I am going for the $5.50 target.!!!
Just happen to be "well positioned."!! ..lol.
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The annual meeting is scheduled for 13 December in Christchurch and the company has said they will be updating shareholders with FY17 guidance at that time. I'm expecting the tone and mood of the meeting to be extremely positive in line with forward guidance given. Might be worth flying down to enjoy the positive vibe :)
This is chart I meant to include on earlier post. Was a few months ago - see already over $3 and heading up .... wonder how high
Glad we converted some of you - the tone of your responses back then suggested things wouldn't be this good
Final call for the div chasers. Make sure you are in with a grin by 5pm. today to receive the massive 16.5c div:t_up:. Nothing else I can think off at the moment comes as close to this high yield except for AIR, my other big div holding. Please correct me if I'm wrong
This statement got the hounds nose sniffing, (he LOVES a good dividend feed)
STU a very good dividend payer but be careful folks. Last year's profit of $25.8m included a one-off gain of $6.4m so the 22.5 cps divvy paid at a payout ratio of 77.8% which is a fairly consistent payout ratio compared with recent years included the payout percentage of that one-off gain.
On a normalised basis their earnings for FY16 were $19.4m which gives eps of 21.4 cps. Using the same ~ 78% payout ratio which STU have used for the last 3 years that would have generated fully imputed dividends of 16.7 cps.
16.7 / 0.72 = gross normalised divvies of 23.19cps which based on this mornings share price gives a gross yield of 9.8%.
Based on a real quick and dirty review of their FY16 financials and taking into account company initiatives and possible extra business from the recent earthquakes they may be able to lift EPS back to FY15 level's of 24.5 cps which would represent normalised earnings growth of 14.5%. In 2015 they paid dividends of 19 cps fully imputed and I believe this is somewhere near the best proxy for Fy17. 19 / 0.72 = 26.38 cps which represents a gross dividend yield of 11.2% based on today's price.
How does this compare to HLG and AIR ?
I am forecasting 30 cps for HLG for the year ahead. Based on a theoretical ex divvy price of 3.19-.165 -= $3.025 30 cps fully imputed = 30 / 0.72 41.67 cps gross = 13.77% gross
I am forecasting 20 cps for AIR for the year ahead. Based on $2.01 20 / 0.72 = 27.78 cps gross = 13.82% gross.
Conclusion: All 3 are good dividend payers and deserve good consideration by dividend hounds but I believe HLG and AIR are capable of paying a higher sustained gross dividend yield.
As always DYOR.
I feel like a little div coming on:D.....Well that was nice, made my day. Have you got yours yet winperRogcou:cool:.