MFD 0.00% 71.0¢ mayfield childcare limited

They didn't release any guidance(besides the general outlook for...

  1. 128 Posts.
    lightbulb Created with Sketch. 19
    They didn't release any guidance(besides the general outlook for the industry) and said they would provide a more detailed outlook after Q1 activities.

    I think that would imply that they are going to do a quarterly update for Q1 and provide guidance for CY 2019(at least an update at the AGM).

    Re the dept, I don't think it is too big a deal while the DRP is being taken up by the large holders. I personally would prefer for a lower payout ratio so that the business could reinvest into more centres without the DRP, rather than diluting shareholdings at such low PE multiples through the DRP.

    I also think a 6 monthly dividend would help sustain interest in MFD all year round from retail investors.
 
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