HNG 0.00% 31.0¢ hancock & gore ltd

Ann: Profit Guidance, page-3

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    lightbulb Created with Sketch. 27
    One of the shortest dividend suspensions for a while: HNG missed one div payment. A 9.5% annualised franked up DY is none too shabby at all.

    Difficult to read their direction as the huge profitability turnaround, from -$21.4 to +$3.7M, is mainly due to the huge one-off writedowns last year. They say the underlying profit increased from $2.1M to $2.6M, a circa 23% increase on the back of a 2.4% increase in revenue, suggesting the cutting they did last year is working. Guess I'll have to read the full report.
    Last edited by Mongrel: 24/11/15
 
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