I've spent the weekend searching for value investments - have come across SUL...
Obviously as a value investor what has drawn me here is the high ROE, good EPS and DPS growth and a sustainable payout ratio. Also appealing me is the fact that I live rural and often rely on parts from Super Cheap - their delivery service is cheap and always reliable in my experience. Combine that with the Amazon affect which has affected the SP of many ASX companies and I believe now could be a compelling time to add SUL to my portfolio.
Reading the financial reports though I cannot full understand the increase in ROE from 16% to 24% in FY17. Seems to be a one off "Brand name inpairment" in FY16 - can anyone provide further information on this?
Anyway a 4% growth rate has SUL looking to be very good value at the moment with a 5.9% dividend - not seeing too many roadblocks for my investment? Would appreciate the thoughts of others who have been around SUL for a while???
SUL Price at posting:
$7.92 Sentiment: Buy Disclosure: Not Held
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