Broker reports (and i used to cover the stock, have spoken with management so am comfortable with the forecasts). Rough guidance ie given the cost savings that they have announced is for EPS of 10cents in FY14 and 12cents in Fy15. They are keeping a similar payout ratio to AMC of 60%-70%. So 7cent divi in FY14 and 8.5cents in Fy15. However I personally I think they could pay more as they have very little in capex both (maintenance and growth) requirements for next 3 years. Maintenance capex will be 80% of depreciation.
I have bought more today at 1.125 averaging down. The stock will pop its just a matter of when.
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Last
$2.70 |
Change
0.020(0.75%) |
Mkt cap ! $3.627B | |||
| Open | High | Low | Value | Volume |
| $2.67 | $2.74 | $2.67 | $8.437M | 3.118M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1200 | $2.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.72 | 25398 | 2 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| ORA (ASX) Chart |