Interestingly Morningstar forecast DPS at 0.16 for FY16 and FY17... 24% yield! this is well above earnings at 0.10 EPS... so not sustainable long term unless earnings lift - but is achievable for a number of years, given the cash sitting on the balance sheet.
If management did choose to distribute excess capital - this would be a good signal as confidence in the long term viability of the TRT market - the Q Axiron net sales figures certainly suggest the downward trend may be bottoming out...
Interestingly Morningstar forecast DPS at 0.16 for FY16 and...
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
