re: what stats? / csm
This is from the consmins website Research down LHS then select Bell Potter. Read down and see dividend is forecast to increase to $A0.12 in 2004/05 and the reasons for the profit projection jump is also outlined.
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http://www.consminerals.com.au/
FY05 Forecasts We are forecasting revenue to increase to $160 million in FY05, as a result of the 16% manganese benchmark price increase from 1 April 2004, a modest forecast 3% manganese price increase from 1 April 2005, increased manganese production, continuing robust chromite prices, and initial earnings from thermal coal. The A$:US$ currency risk has been mitigated by hedging 85% of forecast US$ revenue over the next 12 months at an average rate of 63.5 cents. We are forecasting diluted earnings per share of 21.7 cents (up 49% on FY04) and a further increase in dividends to 12 cents per share fully franked. This represents a payout ratio of just over 50% and equates to a 8.5% fully franked yield at the current share price.
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