This post is in relation to Stokes controlled entities.
Interesting FY23 announcement by Boral (as with SWM, is controlled by Stokes through Seven Group Holdings) today:
- Profit up 302% to $147m and ahead of analyst expectations ($123m); - EBIT up 21% to $235m - Adjusted earnings per share of 12.9 cents, beating analyst expectations of 11.0 cents. - Analyst expectations were for a 4 cent dividend.
Actual dividend announced: ZERO / Zip / Nada
Despite wishes and hopes, unfortunately I fear a similar fate may await the minority SWM holders when SWM announces FY23. I hope I am wrong, but there is quite a pattern developing (first SWM over the years and now Boral).
SWM Price at posting:
39.5¢ Sentiment: Hold Disclosure: Held
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