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Ann: Retention of Laundries business-SPO.AX, page-25

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15,790 Posts.

23

17/08/16

12:03

Post #: 18537691
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Originally posted by yanlin ↑

There's a lot of uninformed comment following this announcement.
* It is clear they have resolved the integration of the acquisitions into the business.
* It is clear that they expect NPAT for FY16 to be around 10% below FY15 results (refer to the 30 May 16 update).
* It is clear the "unsolicited indicative proposals" for the laundries business did not meet their expectations
* It is clear they have reduced debt significantly and locked away refinancing for the next 2-3 years (see investor presentation)
* It is clear they will be announcing a dividend payable in September on 24/8/16 release of FY16 results that will yield >6.5% FF based on the current share price
* It is clear SPO is trading at a PER of <10 times

You don't need to be Einstein to work out what the smart money will do from here.

Glad I've been buying the last few days!!!

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SPO Price at posting: $1.02 Sentiment: None Disclosure: Held
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0 Great analysis

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