MLD My Lovely Dividend payer

Seems like the market got the jitters after the latest release. From my humble perspective it offered a great opportunity to top up again.


FY22 fc FY21
Revenue 1.6b 1.2b
Ebitda 189-191m 140.4
NPAT 35-37m 20.7m
Yield 6.1% plus franking
Shares 341.7m 303m.

Forward pe 6.91 according to Iress

It appears that Kings Hill upset the applecart but it appears that this will be commissioned this quarter so from my perspective the downside has already been factored into the forecast. Hopefully they have learnt another valuable lesson.

Number of significant ( previously referred to as material in the previous disclosure) near term projects in the pipeline.

Bluff mine royalty expected to benefit company in the coming months.

It's a consistent dividend payer

Automation proof of concept moving forward and this should result in reduced operating costs and heavy vehicle safety incidents etc.

Outlook and orderbook seems positive.

Hopefully the directors have been or will be nibbling away in the near term.

All companies have the odd hiccup but as long as they learn and rectify that's what really matters to me.
MLD looks good to me and I will continue to feast away on any pullbacks .

DYOR