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Ann: Appendix 4E - Preliminary Final Report, page-19

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    lightbulb Created with Sketch. 700
    Slide page 36 says only $10000 in tax paid in 2022 and that tax payments will start in 2023. The half year accounts showed tax assets of $7.5 million.

    Even so they say page 41 that NPAT will rise 23% in 2023. Underlying EPS last year was 7.2 cps, or a PE under 8, with net profit growth of over 20% this year and a dividend yield of 5% that is 60% franked. It surely has to be rerated to a higher PE at some point.

    It is large enough to interest more small cap institutions apart from Perennial.
    Last edited by edshann: 24/08/22
 
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