oh well, i was warned Korvest begins the second half with a...

oh well, i was warned

Korvest begins the second half with a strong order book of major infrastructure project work. However, it is not expected that project work in the second half will match the record levels delivered in the first half. The small project and day-to-day markets are expected to maintain recent activity levels. Considering these factors, prior to the potential impacts of COVID-19 mentioned below, it is expected that the second half result will be more comparable with 2H FY21 than with 1H FY22.

i calculate 1H FY21 NPAT was around $1,546,000 excluding job keeper
i calculate 2H FY21 NPAT was around $3,222,000 excluding job keeper

therefore it appears FY22 NPAT may possibly be around $9,664,000 excluding profit from sale of asset

EPS would be 83 cents; PE ratio at $7.75 would be 9.33

Assuming 30 to 35 cent final dividend, total dividend would be 55 to 60 cents, payout ratio of 66% to 72%

at $7.75 share price, yield before tax of 10% to 11%

looks OK

but i'm just a trader so exited my KOV cash