SEQ 1.27% 40.0¢ sequoia financial group ltd

Can't help but think the 5c final dividend is a 'gift of...

  1. 4,304 Posts.
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    Can't help but think the 5c final dividend is a 'gift of capital' in part.
    We've already had an interim of 2c and frankly, I cannot see statutory eps for FY24 of much greater than 4.5c.
    No mention of the final being franked either, I notice. Clarification would be good.
    I always thought his F24 outlook was ambitious, given the relatively tame 1H results, but his 3Q results say he is bang on target.

    These 3 points should always have been on the agenda:
    * Streamlining the current operating business model to further centralise shared services, marketing and ITand
    *streamlining the current Divisional business structure.
    • Increasing scrutiny of underperforming businesses and being open to divestment opportunities for non-core businesses wherever possible.
    Also interesting to note his olive branch by signalling a transition in the CEO role. No dictator ever does this so it is a backdown of sorts.

    Hmmm, kinda backs the 5% club into a corner. Still waiting for their story to unfold.


 
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