AZJ 1.36% $3.26 aurizon holdings limited

Ann: Full year results presentation, page-17

  1. 6 Posts.
    Maybe share price needed adjusting!
    @ $3.30 I make current dividend yield 5.75% which is just acceptable as to.
    @ $3.60 div yield 5.3%

    what is more important to see if company is profitable is earnings yield
    @ 3.60 I make earnings yield 6.1%
    @ $3.30 earnings yield is 6.7%

    Single digit is not growing or highly profitable.
    3 years ago earning yield was double digit.
    But the strange thing is Free cash flow shows steady growth year after year.
    Company increased profit by 11% for the FY.

    I think its the $140m they are holding in cash.
    I believe AZJ offered to buy pier 29 in South Australia, to get a presence in South Australia stevedoring.
    South Australians don't like interstate interest taking over South Australian interests.
    I was told by a local "Good luck trying to buy that".
    Meaning you have a fat chance of doing that.

    Now they plan a share buyback which will shore up the balance sheet a little.
 
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$3.26
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