While technically a ‘special’ that makes 3c for the half. So on...

While technically a ‘special’ that makes 3c for the half. So on a half year, a growth stock is yielding almost 6%. Add in the dividend for 2H21 and you can see that the SP needs to materially move higher to compensate for the crazy yield.

I’ve covered this off before in detail but if they just pay another 1c in the second half then the total payout becomes 4c and a yield of almost 8%.

If you use a target yield of 3% (which is high for a growth stock) then that implies a valuation of more than $1.30. The lower the target yield the higher the SP and vice versa.

IMO the market is discounting the lack of aura IQ sales too much. Covid has slowed face to face meetings but I’ll back in the POCs and pipeline. The tech is good and aligns to their capabilities- it’s just a matter of time before a sale is announced.