Dividend growth exceeds CPI as do all the important metrics.
In FY 24, NPATA of a range between A$277-A$287 million is the forecast, so if we take the midpoint of A$282 million, it's expected to rise by 11.86 per cent from FY 23's A$252.1 million. It won't surprise if SDF beats that estimate in a year's time as its modus operandi is to underpromise and overdeliver.
The prospect of further international expansion is interesting, provided that it treads cautiously (as I'd have confidence under Mr Robert Kelly it will).
The touchy subject of succession is mentioned, buttressed by further appointments/promotions. Very good.
Even grumpy 'Mr Market' must surely be impressed by this result, notwithstanding the high PE ration (prior to tonight's announcement) on which SDF has been trading.
SDF Price at posting:
$5.83 Sentiment: Hold Disclosure: Held
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