While 5c is at the limit of PTB's dividend policy (30%-50% of reported NPAT), why would our otherwise conservative directors be pushing it so high if there were a real risk it could be reduced going forward, once again disappointing the market? I think it can be maintained. All things being equal, PTB Brisbane will benefit from Maldives getting back to normal; there is a decent capital gain to be booked this year from the Pinkenba sale and leaseback; Prime Turbine should benefit from a strengthening US economy and introduction of Power by the Hour to their operations; IAP had a great H2 21 which bodes well for 2022; and there's potentially around $30m of US acquisition(s) which would surely bolster the group's profits. The vibe in the annual report was very confident if we compare it to previous years' commentary. Stock could safely creep up over $1 in my opinion based on the above.
PTB Price at posting:
84.0¢ Sentiment: Hold Disclosure: Held
