ROK 0.00% $2.75 rock building society limited (the)

As they say, do the math. The only full year guidance that this...

  1. 20 Posts.
    As they say, do the math. The only full year guidance that this mob has given was in its half year results announcement when it said that it expects to maintain its first half momentum in the second half.
    Given the first half net profit was up 16% one would expect a full year net profit of approx. $5.9m or 23.6c EPS in the absence of a further announcement.
    As the company has already nominated a dividend payout ratio of 75%, the final dividend should be 11.7c (say 11c based on their scaling back the first half dividend)
    On this basis, the current price looks cheap especially as there are still takeover rumours swirling around.
 
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Currently unlisted public company.

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