As I was reading with pleasure the above report,... I kinda noticed the following quick take : the total dividend payout for the first half in question in the report is 8.40c or a total of $13.4m (Note 3 in page 15), BUT...... EPS for this half-year is 8.10c with an income of $12.9m (page 8) ONLY.
Against the income, looks like the dvd payout is more here. However, I don't see an official Payout Ratio figure anywhere to help me confirm this observation...
I wonder how much more will the bottom paragraph from page 7 affect the EPS in the coming year-end reporting,... since the contract has been terminated on August 15, 2017.
We remain committed to the New Zealand market, but to ensure the viability of the business we will be restructuring so that the cost structure is appropriate to the adjusted level of expected revenue from the remaining vendors, whilst aggressively looking to fill the revenue void with potential new vendor targets.
Hoping to buy this ctr in the near future !
DDR Price at posting:
$2.63 Sentiment: Hold Disclosure: Not Held
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