Just a few thoughts (and certainly nothing technical). The company has moved from debt to net cash position during H1. Fair effort. Additionally, all things being equal, it has revised upwards its EBITDA forecast for H2. Hence cash will increase.
EPS should easily exceed 3.5 cps by the EOFY. The company has a dividend payout ratio which is quite generous around 60-65%. Given such, I'd be surprised if the final dividend for the year isn't close to 2.5 cps. Such logically follows provided the qualifier holds.
Against this, my opinion is that Oz will experience a bout of stagflation. Such, generally, isn't good for business but, at the moment, infrastructure is all de rigeur. We'll see. Happy to see other views. Cheers Keith
SRG Price at posting:
74.5¢ Sentiment: Hold Disclosure: Held
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