HST
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0.00% 16.0¢ hastie group limited

Agree with you Ringin. If they can sustain profits and dividends...

  1. nomads
    71 Posts.
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    15/07/09
    15:45
    Post #: 5392747
    Agree with you Ringin. If they can sustain profits and dividends they will be re-rated.

    The market didn't like their $200m purchase of Rotary, esp. as the UK economy is so weak. Also the move to Dubai in retrospect was at the peak of that now faltering market.

    I continue to back management. If they can produce earnings of 34cps (p/e 3.5) and dividends of 15cps (18% yield incl. franking) the price will adjust with time. Until then I'm happy to keep buying on weakness.

    Their full year report at the end of August will reveal all.
    HST Price at posting: $1.09 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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