Australia's largest stock trading and investment forum Australia's #1 stock forum

BST

Click for more information

0.00%

$1.88 best & less group holdings ltd

Dividend likely to drop to around 8c this time around which at a...

First 4 Last

Share
Profile

Follow
Glutten

273 Posts.

70

25/01/23

10:08

Post #: 65869389
Share

Originally posted by ozner31: ↑

Likely to disappoint the market. Looks to be about 10% light vs consensus. Consensus hasn't been updated since they flagged summer trading was not going according to plans. My calculations, EPS 26c vs 29c expected. Stock still cheap just have to deal with a earnings downgrade headwind and the need for a good 2H to meet their guidance )although trading in Q3 has started well). Perhaps yield support could come into play, they can certainly keep the dividend at 20c = yield of ~10%.
Good job managing inventory, perhaps at the expense of margin. Rather they do that than have more inventory and then need to discount substantially to move.

Expand

Dividend likely to drop to around 8c this time around which at a $2 SP is a 4% (8%pa) fully franked dividend so the result has been priced in IMO so anything under $2 is a bargain.

BST Price at posting: $2.02 Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

PL3

Patagonia looks to raise $2.15M for South American exploration and development

There are more pages in this discussion • 2 more messages in this thread...

First 4 Last

Add BST (ASX) to my watchlist