H1FY21 Underlying EBIT $66-69mm, Underlying NPAT $42-44mm, Interim div (H1FY21)15-17cps, final div (H2FY21) 17-20cps, (Yes, that is ~10% yield at current share price!!)
H2FY21 not in the bag, Covid could see more store closures, but ADH has demonstrated a remarkable ability to compensate for lost store sales with on-line. The pivot of household discretionary spend towards homewares has floated most boats, but H2 it is unlikely to see much resumption in travel, dining, entertainment and events spend. ADH shareholders should not expect the ~600bps improvement in GM% experienced during FY20-21 to be permanent, indeed a reversion to mean should be expected in FY22-23. Do your own DD. LS9
ADH Price at posting:
$3.30 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)