Australia's largest stock trading and investment forum Australia's #1 stock forum

FSF

Click for more information

0.85%

$3.56 fonterra shareholders' fund

Ann: Fonterra updates on Q3, Milk Price and capital return, page-7

First 7 Last

Share
Profile

Follow
Pokerface

7,299 Posts.

2667

02/06/23

13:29

Post #: 68100544
Share

Originally posted by TwoCentsWorth ↑

I'm going to have a think-out-loud about what the dividend might be. They have said 2023 forecast normalised earnings are NZ$0.65-0.80 per share (I can't see why they have such a broad range as they state elsewhere in the report that 95% of milk is contracted for the season). Lets take a conservative approach and call it $0.65. Last season it was $0.28, and they paid out a dividend of $0.20, or the equivalent of 71% of the EPS. Following the same 71% of EPS gives a dividend of NZ$0.46, which at the current price gives a yield of about 13%. A NZ0.46 per share dividend would be the highest dividend ever paid, so you'd think it should correspond to the highest all time share price, but we're a long way off that.

Expand

Normalised earnings are, by my reckoning, 98c per share ytd (33c H1 and a monster 65c Q3). Cannot see it being less than $1.10 for the full year, unless I am missing something.

FSF Price at posting: $3.32 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

HIQ

HITIQ's sensor-containing mouthguard OK'd by World Rugby specifications board

FMG

Andrew Forrest was seemingly possessed by the spirit of hydrogen – now he's cut 700 jobs and canned FFI

EVN

Evolution shares up 3% on quarterly results for June showing rise in gold production

AI stocks: What to expect in 2024-25

DMP

Domino's locks in biggest faller status on Thursday as it closes stores in Asia, Europe

There are more pages in this discussion • 3 more messages in this thread...

First 7 Last

Add FSF (ASX) to my watchlist

(20min delay)
Last $3.56		Change 0.030(0.85%)		Mkt cap ! $379.1M

Open	High	Low	Value	Volume
$3.56	$3.56	$3.56	$7	2

Buyers (Bids)

No.	Vol.	Price($)
1	3000	$3.54

Sellers (Offers)

Price($)	Vol.	No.
$3.57	190	1

View Market Depth

No.	Vol.	Price($)
1	3000	3.540
3	2078	3.530
1	10000	3.520
3	14070	3.500
1	166	3.020

Price($)	Vol.	No.
3.570	190	1
3.580	950	1
3.600	670	1
3.630	124	1
3.640	124	1

Last trade - 11.49am 18/07/2024 (20 minute delay)

FSF (ASX) Chart