Having only so far read the media release, guidance for FY 23 NPAT of a minimum of A$190.0 million means that compared to FY 22's result, at the most pessimistic reading, SH can expect growth in this metric of 18.34 per cent. One would have to be hard to please not to find this impressive.
The retail SPP announced today, the further acquisition, solid performance from network brokers and underwriting agencies plus the rise in dividend that's well above CPI are reasons why the SP has increased in recent weeks.
The MD/CEO/Founder needs to take a bow with such continuing pleasing results, yet this company receives a tiny percentage of the business media space granted to profitless concerns like woke 'icon' QAN.
Today's announcements provide further buttressing as to why investing in insurance intermediaries is preferable to placing one's hard earned in IAG or other insurers' shares.
SDF Price at posting:
$5.39 Sentiment: Hold Disclosure: Held
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