Can anyone shed any light on why brokers have a consensus forecast for the the DPS to drop from 124c in FY23 to 106.4c in FY24 when the same forecasts have the EPS going from 91.8c to 129.4c?
Distribution policy last year was 100% of Normalised UNPATA.
Continuing operations EPS was 108c in FY23 vs the above forecast of 129.4c implies a 19.8% increase.
Warehouse adjustment YoY is $12m FY24 vs $11.5m FY23 so can't be that & CAPEX forecast of $23m isn't excessive vs cash reserves & gearing etc.
I would have thought a DPS of at least 115c was totally reasonable for FY24, thoughts anyone?
FY24 forecasts?
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