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...
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Last
$4.53 |
Change
-0.050(1.09%) |
Mkt cap ! $5.644B | |||
| Open | High | Low | Value | Volume |
| $4.56 | $4.57 | $4.49 | $6.939M | 1.531M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 15670 | $4.52 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.53 | 21978 | 6 |
View Market Depth
| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| HVN (ASX) Chart |