yep! seems like they outperformed their 'normalised' forecasts too that are purely from operations of the biz. That is very pleasing and good to see!
they gave 3cents ff divvy for the half.
Now if they make good profits next half H1, i reckon well get a divvy. And for the full year 2010 we'll get another divvy in H2.
So ppl are doing the math now. On normalised EPS if we get a yearly divvy of say 6 cents thats a WHOPPING 7.5% divvy ff, and if you frank that up thats about a 10% return just from income!
Yes its a growing company so they need to retain free cash-flows (i.e cash flow after CAPEX and after divvy), but 6 cetns per year isnt too high a payout % if EPS is set to grow further.
So you getting a high divvy and its a company experiencing high growth. Not bad to take a little position in for the future at all.
FGE Price at posting:
85.0¢ Sentiment: LT Buy Disclosure: Held
