NCK 0.12% $16.07 nick scali limited

News: NCK Nick Scali Expects FY NPAT Of $78 Mln-$80 Mln, page-7

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    I managed to see the $0.77 EPS figure myself but that was applying the normalized 2020 profit to the calculation (profit after allowing for abnormal items). The statutory after tax profit for 2020 of $42m provides an EPS of $0.519 as per published result.
    The predicted result of $78m to $80m would provide EPS of around $0.97 according to my arithmetic. With that in mind, given that they normally provide a payout around 80% of the EPS, it may be reasonable to think about a final dividend of $0.40 for a full year dividend of $0.80.
    A bit of estimation in there. They may hold some of that back if they're not comfortable about obtaining a similar result in 2022.
 
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