CSM cosmo gold limited

what?, page-6

Currently unlisted. Proposed listing date: TBA
  1. 301 Posts.
    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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Currently unlisted public company.

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