AX1 3.64% $2.12 accent group limited

Ann: Trading Update, page-57

  1. 2,020 Posts.
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    I think the gross profit will be higher than 1H23 because of the larger store footprint and also improvement in gross margins from the underperforming glue store as well as higher gross margin sales from Nudelucy (which I gather is doing very well).
    I think EPS of 8c would be a good outcome and I'd be happy with that. I expect the dividend to be near the 100% payout ratio (last year it was above the EPS). DPS of 8c for H1 and ~6c of H2 is 14c which isn't too bad for a SP of $2 (yielding 7% net and ~10% grossed up).
 
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