I debated the wisdom of having a dividend if you are going for growth with management last year. They were adamant that they wanted to build the dividend but keep the payout conservative. Based upon that I expect the Final to at least be 1.4c and the new interim base to be 1.1 c making it 2.5c.
That's what I have in my model - Its obvious from the report that they have spoken directly to management so its interesting that the forecast is 5.5c EPS so flat second half ... I think that may well be what it achieves - On that basis it would have bedded down the acquisitions. Its interesting that they see acquisitive growth next year ... That is encouraging for me as that means there must be a few on the radar.
As for entry points - I am looking for tax loss selling next month... I may miss out but I already hold so its only a top-up.
Right now I think is a great price...
PGC Price at posting:
73.5¢ Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)