Very encouraging report from Shaws. EPS growth from 2016 - 2019 is/predicted at 26.1% ,30.2% , 24.2%, 24.6%.
DPS in 2019 @ 26.5 , franked up that's 37.76 cents. Anyone with a tax free Super Fund or Super Fund at 15% tax on earnings take note, much better rate than cash !
Financial advisers deserting the major lenders in droves having bled more than 400 advisers in the last 6 months as they tire of the conflicts. Meanwhile consolidation between small and mid-tier independent advisories is gathering momentum. Perfect storm for FID as the operating leverage at FID is significant. Shaw's see the fixed costs ratio at 50% so incremental revenue falls through to the bottom line. As seen in thier forecasts, a 50% increase in Operating revenue translates to an 80% increase in EBITDA from 2016 to 2018E. FID trades on a forward PE of 11 on 2019 earnings.
We Love Operational Leverage
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 (20min delay)
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Last
$7.81 |
Change
-0.190(2.38%) |
Mkt cap ! $245.8M | |||
| Open | High | Low | Value | Volume |
| $8.10 | $8.11 | $7.73 | $179.6K | 22.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3229 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.00 | 6191 | 1 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$7.88 |
Change
-0.190 ( 1.75 %) |
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| Open | High | Low | Volume | ||
| $8.10 | $8.10 | $7.73 | 3585 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| FID (ASX) Chart |