I don't think anyone was too clear on an expectation given that the COVID situation landed in the middle of an industry with a changing profile. Underlying profit dropped from about $195m last year to around $128m this year. This probably delivers an EPS of about $0.38 and at $5.00 per share offers a P/E of 13. Given that we only have this anticipated result without any detail around it, I think the adjustment to the price is reasonable. It may prove to be a great buy at this price but the immediate path forward will be a little bit tricky. If they pay a dividend, it may not be any more than around $0.10 given that $0.16 has already been delivered out of the expected EPS but we'll see. Their detailed report is far more important than any dividend at this stage.
Ann: IOOF Q4 2020 FUMA and FY20 Business and Remediation Update, page-7
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IFL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.69 |
Change
0.060(2.28%) |
Mkt cap ! $1.804B | |||
| Open | High | Low | Value | Volume |
| $2.60 | $2.75 | $2.60 | $4.678M | 1.734M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 24489 | $2.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.71 | 8342 | 1 |
View Market Depth
| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| IFL (ASX) Chart |