@tripster
It is in the ballpark taking into account moderate buy back expectations. WHC pay-out ratio is currently 50% (including buyback equivalent per share) of NPAT. It is optimistic to expect that the pay-out ratio will change to 90% or more, but it could given the sheer amount of cash being generated.
WHC expects Winchester South to require $1B in capital investment and Vickery would need $700M. Both are expected to be completed within the next few years so we may see the company holding large cash reserves to self-fund these projects. From my experience, large construction projects cost more and take longer to develop than initially planned. This seems to be in the case 90% of the time due to variations, labour constraints, activism, equipment manufacturing delays, supply bottlenecks etc etc..
Bell Potters dividend expectation of $1 for the full year is realistic, if not conservative. Anything more than that is gravy. The company would do well to maintain a 10% yield y-o-y.
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Last
$7.22 |
Change
0.130(1.83%) |
Mkt cap ! $6.040B |
Open | High | Low | Value | Volume |
$7.30 | $7.38 | $7.13 | $78.57M | 10.81M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 177937 | $7.21 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.23 | 4093 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 177937 | 7.210 |
5 | 80027 | 7.200 |
1 | 33804 | 7.190 |
1 | 33804 | 7.180 |
2 | 34804 | 7.170 |
Price($) | Vol. | No. |
---|---|---|
7.230 | 1645 | 1 |
7.250 | 12195 | 2 |
7.280 | 17195 | 4 |
7.290 | 40091 | 9 |
7.300 | 40553 | 6 |
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