DDR 1.06% $10.27 dicker data limited

Ann: Final Dividend FY20, page-16

  1. 404 Posts.
    lightbulb Created with Sketch. 46
    Firstly I love this company and have been with them for a long time and I do not expect to sell any time soon(excellent management and team, constantly growing and 100% payout), but I fear the price will break the $11 wall within a week and will settle low $10's prior to end of year financials reflecting (no matter how you look at it) a 19.2% cut in the final dividend. Something does not add up, on top of the 2,264,150 million additional shares in the period representing +1.4%.
    Profit Before tax
    Q1/20 - 18.4m + $4.9m or +36.3%
    H1/20 - 40m + $8m or + 25%
    Q3/20 - 60.8m + $13.4m or + 28.3%
    FY/20 - ?? assume the unlikely event of zero profit for the final quarter, total increase over the year(3 quarters) 26.3m PBT divided by the current number of shares 163,485,716 = +$0.16 increase in profit (excluding final quarter) yet we get a dividend cut????? I think definitely something else is at play here hopefully an acquisition, or retaining cash for such and nothing sinister?
    Feel free to correct any errors or omissions

    All IMHO
    DYOA
    GLTAH
 
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