true most businesses will try to pass on the costs. treasury has assumed no growth in property in the budget yesterday so be interesting how this all plays out
Printable View
http://nzx-prod-s7fsd7f98s.s3-websit...535/346452.pdf
Underlying profit for the ten months $41.8m as expected and close to the mid point of my forecast of $40-45m. Bingo, third time in a row I have got this really close. Translates to $50.16m underlying on an annualised basis and 8.07 cps based on weighted average shares on issue of 621.537m.
Development book for FY22 slightly below my expectations and there's a lot of (113) modest value care suites at Lady Allum in Milford in FY22's development numbers.
Embedded value up nicely. NAV up nicely to $1.28, slightly below my expectations of $1.30.
The directors extol us to "Believe in Better". Better care for residents, yes they win, better wages for staff, yes they win, better remuneration for management, yes they win.
Better earnings per share for shareholders...Hmmm...how many more years will we have to wait to see that ?
Just depends on contracts and how significant increases are on respective business. I am seeing increases of 5% on most building supplies. Also lets not forget another public holiday and more sick leave coming.
5% on a sale price is barely noticed at the moment. I have seen 10% rises in a month on local housing.
Hey guys, another stupid question but just trying to learn how to digest reports still. When a dividend is not imputed due to available tax losses, what does the company mean by this? I have a background in law and not accounting unfortunately.
Dr. Google could have answered this question :): Anyway - here is a summary on imputation credits: https://craigsip.com/insights/overvi...tation-credits
"Imputation credits are essentially a tax credit that investors receive from companies when they pay a dividend."
If a company does not pay taxes, they obviously can't give imputation credits on taxes paid, which means that their investors don't get imputation credits which they other wise could use to reduce their own taxes.
Clear as mud?
Doesn't no imputation just mean that the government get some of your 2.1c per share before you see it...
It'll be interesting to see if there is much SP movement prior to the DRP, as the last round ended up being a tad expensive at ~$1.50 or thereabouts from memory.
Just for Beagle
Updated chart showing EPS trend
Added the two 12 month periods to March points - as per OCA numbers for these periods
No comment from me (I wont show the one with the number of sales overlay)