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Ann: Final Dividend FY20, page-17

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peterdoobes

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11/02/21

11:27

Post #: 50891060
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Originally posted by PetesGold: ↑

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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There are 172m shares now on issue following the placement and SPP in May 2020 so not possible for DPS growth to match NPAT growth

DDR Price at posting: $11.75 Sentiment: None Disclosure: Held
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(20min delay)
Last $9.12		Change -0.170(1.83%)		Mkt cap ! $1.646B

Open	High	Low	Value	Volume
$9.23	$9.24	$9.09	$1.318M	144.2K

Buyers (Bids)

No.	Vol.	Price($)
2	1454	$9.12

Sellers (Offers)

Price($)	Vol.	No.
$9.13	511	1

View Market Depth

No.	Vol.	Price($)
1	1319	9.120
1	20	9.110
1	1388	9.100
2	2281	9.090
2	3143	9.080

Price($)	Vol.	No.
9.230	841	1
9.300	1194	1
9.390	2000	1
9.450	1000	1
9.530	588	1

Last trade - 16.10pm 18/10/2024 (20 minute delay)

DDR (ASX) Chart