Share
1,253 Posts.
lightbulb Created with Sketch. 86
clock Created with Sketch. 03/09/18
16:09
Share
Originally posted by oldtimer2
↑
So pleased they reported in time. Comfortably above guidance and unless there is an industry downturn, on track for beating the unchanged guidance for 2018/19. Somewhat reminiscent of HFA (now NGI) that made a large acquisition in 2007 and with the trainwreck of 2008 fell to 6c and because it was reporting losses while it wrote off goodwill and repaid debt, it has taken nine years to get to $6. MGP has had to write off software assets and depreciation and acquisition expenses this year, but none of these are cash items except for the one-off acquisition costs. I get the feeling they are pretty upbeat about what they are finding out about Linear, both in its fit and in the synergies available.
Expand
Correction - the dividend decision won’t be made until 2019 as stated in their report, although I would still expect a positive decision and a secind half dividend.
