PPE 0.00% 85.0¢ peoplein limited

Ann: H1 FY24 Results Investor Presentation, page-71

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  1. 22,842 Posts.
    lightbulb Created with Sketch. 1258
    Consensus forecast is 5.5c for the year ie 2.5c final.
    But seems to be on a lot lower payout ratio 35% rather than the 70% LY.
    Not sure what the rationale is for the lower payout ratio when it isn't a capital intensive business, unless they're expecting a lot lower cash conversion rate?

    The split LY was 7c / 7c total 14c
    Interim was 3c so following LY it would be 3c total 6c.

    Gut feeling is that they pay 3.5c on basis H2 wasn't as bad as expected back in Feb but still not a great result.
 
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