FRI 0.00% 88.5¢ finbar group limited

Ann: FY24 Profit Guidance, page-2

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  1. 2,998 Posts.
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    As usual, not much interest. For what it's worth I'm expecting a minimum of 6 cents divvie this FY and 9c next half, if previous results are of any indication.

    The SP may not rise in the near term, but may after FY results are out next month. Because:

    In one way, there is no better share. Whenever you read annual reports etc, nearly 30% of the report of most companies is involved in explaining directors and senior executives benefit of options, incentives and other. Well since about 2018, when FRI abandoned DRP there has been no increase in number or shares. 272m on issue then and still 272m now. In that time directors have bought many millions of shares ON MARKET. (Offsetting some of Rubino Group's selling). It's a closed period now till annual results are released next month so directors can't buy. But I'm sure they'll mop up any cheap shares when closed period is over.

    Not a bad share for annuities for the next couple of years or so, but will never be a multi bagger

 
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