EPW 0.00% $2.41 erm power limited

As you say prhb, bouncing back from today's low quite nicely. To...

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    As you say prhb, bouncing back from today's low quite nicely.

    To kkw re ex-dividend date, well in it's short history as a listed company EPW interim dividend has gone 'ex' anywhere from 6Feb to 20Mar (also to be found on Commsec).

    This year they are scheduled to report on 19Feb so not long to wait kkw as 'ex' date will be known then.

    Just be mindful however kkw that it is the "record" date which makes you eligible for the dividend...in other words, you must have done your research and bought shares in time for them to appear on the register by the record date.


    The small, but frustrating sell down today may have been due to a broker (Morgans) putting this out;

    "...with its Oakey power station coming off long-term contract at CYE-14 and ongoing uncertainty around the size and timing of earnings growth from the push into the domestic SME and USA markets. A new CEO commencing this month adds to the mix. We have reduced our Target Price by 10cps to $2.08ps and have applied a more conservative basis to our forecasts. A prospective yield of 5.8% fully franked continues to be attractive. Note a change of lead analyst and a continuance of the HOLD recommendation..."

    Bear in mind too that assuming the 5.8% div is calculated on a SP of $2.16 at time of analysis, and assuming the payout is maintained at the upcoming result, buying at today's prices will yield marginally better.

    All in my unqualified opinion of course....dyor.
 
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