I see one fund manager liked Aurelia's performance over the last year.
Ryder Capital reports an 18% lift in final dividend to 5.0 cents per share fully franked, a 25.15% increase in pre-tax NTA and total comprehensive income of $18.1m
Ryder Capital Limited (Ryder or Company) [ASX:RYD] reported FY24 total comprehensive income after tax of $18.1m, a 363% improvement on FY23. Pre-tax NTA increased 25.15% to $1.3875 per share. The Company bought back ~1.74m shares at an average of $1.06 per share for a total cost of $1.85m during the year.
The Company’s total distributable profits reserve decreased to $25.5m during FY24 (due to the payment of dividends which exceeded realised profits) equivalent to $0.31 per share (compared to $0.36 in FY23), from which $0.21 per share is available to pay out as fully franked dividends.
Ryder remains in a strong position to continue to pay steady to increasing fully franked dividends over time. As a result of strong investment performance, coupled with a positive outlook across the Portfolio’s core holdings, solid franking account balance and retained profits reserves, the Board increased the FY24 final dividend declaring a 5.0 cents per share fully franked final dividend on 11 July 2024, taking Ryder’s annual dividend to 9.0 cents per share fully franked.
The major contributors to the year’s performance were Austin Engineering, Macmahon Holdings, Aurelia Metals, Service Stream and SRG Global offset by detractors Janison Education and BCI Minerals.
AMI Price at posting:
17.8¢ Sentiment: Buy Disclosure: Held
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