KOV 1.13% $8.76 korvest ltd

Ann: Profit Guidance, page-4

  1. 37,911 Posts.
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    $9.6M profit less $0.5M from from sale of asset = $9.1M trading profit before tax

    2 x $9.1M x 30% tax = $12.74M net profit after tax annualized

    11.5M shares on issue = $1.11 annualised EPS

    PE ratio at current $7.56 share price = 6.8

    last year KOV paid 66% of profit in dividends

    last Annual Reporet says Korvest has a long history of paying franked dividends. The target dividend payout ratio range is 65-90% of after tax profits

    balance sheet has zero borrowings

    looks possible 82 cent fully franked dividend (75% payout ratio) is possible for 2022

    if so, the dividend yield at $7.60 share price is 15.5% before tax
 
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$8.76
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$8.87 $8.87 $8.76 $26.64K 3.035K

Buyers (Bids)

No. Vol. Price($)
1 1590 $8.80
 

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Price($) Vol. No.
$8.87 81 1
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