So given underlying FY earnings growth of ~30%, when the first half was essentially flat, we are looking at growth rates in the order of 45-50% when annualised (H2FY20 v H2FY19). With a consistent payout ratio of 80% gives this a prospective dividend yield of 8.5% versus a risk free rate of 0.25%. More importantly, early indications are that there are sustained changes in demand.
There are so many levers for upside including:
- export markets with a lower AUD
- inflation of consumer goods
- competitive advantages over international competitors at the distribution level given Covid and the lower AUD tailwind
- possible flagged cuts in the domestic corporate tax rates
- long term structural tailwinds to an inflationary environment in the years ahead
- consumer sentiment changes towards home grown in the domestic market
Not sure what the market is seeing that I am not- this is cheap on any metric, under any foreseeable economic scenario moving forward.
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Last
9.8¢ |
Change
0.010(11.4%) |
Mkt cap ! $16.70M |
Open | High | Low | Value | Volume |
8.7¢ | 9.8¢ | 8.7¢ | $40.40K | 429.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 27778 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 24786 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 27778 | 0.091 |
2 | 167966 | 0.090 |
1 | 40428 | 0.088 |
4 | 60272 | 0.087 |
1 | 55526 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 24786 | 1 |
0.098 | 634791 | 1 |
0.100 | 756108 | 1 |
0.105 | 269426 | 3 |
0.110 | 534408 | 3 |
Last trade - 15.24pm 06/08/2024 (20 minute delay) ? |
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