MYG 15.4% 82.5¢ mayfield group holdings limited

Dividend policy (source : prospectus in Oct 2020) :"it is...

  1. 4,111 Posts.
    lightbulb Created with Sketch. 438
    Dividend policy (source : prospectus in Oct 2020) :
    "it is intended to introduce a policy...of distributing at 33 % of after-tax profits annually, subject to the company having sufficient net assets".

    Interesting to note that their pay-out was in line during H1 24 (pay-out of 32 %).
    So, I guess the fact that the company announced a final dividend of 2 c gives an indication of their net profit for H2 24.
    If they keep the same pay-out of 32 %, it corresponds to a net profit of 5.6 m$ for H2 and a NPAT of 8.4 m$ for FY 24 (PE of 8.9, and even lower if we exclude the net cash from the market cap).
 
watchlist Created with Sketch. Add MYG (ASX) to my watchlist
(20min delay)
Last
82.5¢
Change
0.110(15.4%)
Mkt cap ! $75.46M
Open High Low Value Volume
76.5¢ 85.0¢ 76.5¢ $78.82K 100.0K

Buyers (Bids)

No. Vol. Price($)
1 5000 81.0¢
 

Sellers (Offers)

Price($) Vol. No.
84.0¢ 5651 2
View Market Depth
Last trade - 15.51pm 19/07/2024 (20 minute delay) ?
MYG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.