Non-controlling interests represent an additional $5-$6 million per year. Drop in PBT could well be due to increased interest payments on their large debt.
I expect final EPS to be at 2020 levels, somewhere around 40 cents for the full year. Anything above that is a stellar performance.
Shares have been sold off expecting much worse than this, that is likely why we saw a rally from $3.20s to now $3.50s following this announcement.
Employment is strong nationally with inflation dropping. HVN is trading at book value right now.
It would not be unreasonable to expect a SP of ~$5 if results are as expected and rate rises drop off in the 1H24.
Non-controlling interests represent an additional $5-$6 million...
Add HVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.25 |
Change
0.030(0.71%) |
Mkt cap ! $5.295B | |||
| Open | High | Low | Value | Volume |
| $4.26 | $4.26 | $4.21 | $2.497M | 589.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5425 | $4.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.25 | 12551 | 4 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| HVN (ASX) Chart |