The full year results for Pac Brands must be due in the next couple of weeks (26th August LY). Half way through the restructuring, strong A$, markets must be flat / improving and according to the half year presentation 'strong position to grow earnings in 2H10 and F11'.
When the half year results came out the share was about $1.20 and improved to $1.40. It has fallen back down again, but healthy results could see the SP push back to $1.40. I doubt we will get a final dividend this year; still focusing on further reduction of debt, but 1st half of this year the directors must be considering rewarding loyal shareholders! TFP
PBG Price at posting:
89.5¢ Sentiment: LT Buy Disclosure: Held
