I must be missing something but they said that the Normalised NPAT was 29m last year and they are forecasting a normalised FY 25 NPAT of 34m for the current year. There might be some costs to be incurred with the NZ windup or something else etc which will impact the profit but your guess is as good as mine. I note that they have bought back 8,140,765 shares ytd $9673160 to date and that can buy back up to $15m. I note that they have paid up to 1.36 for the buy back I am no rocket scientist but a potential increase in profit with 8m odd less shares looks like it equals an increased EPS all things being equal. Last years divy was .10c which equates to 7.8% roughly. I wonder what the yield will be for the current year. ?? DYOR
SVR Price at posting:
$1.27 Sentiment: None Disclosure: Held
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