Well considering WHG is now my largest stock holding I hope your 7c final dividend comes true, however my expectation is for more like 4.5c per share. I can't see the full year equivalent POR being much above 60% whilst they are reducing the convertible notes. 10m of FCF will be used this half year for this purpose.
Still we absolutely agree that WHG is a safe solid place for some capital. The risk/reward at .90 -.91 cents has to be favorable IMO. However it may take some time for the SP to move significantly forward. Still great buying IMHO.
WHG Price at posting:
94.0¢ Sentiment: LT Buy Disclosure: Held