The SUN came up today in Briz after the Ekka holiday, and I think the broking fraternity took a look at the results and got a bit excited, and why wouldn't they. Cash earnings of $1.3b, a 126% improvement on FY13, with forecasted revenue growth for FY15 of 5 to 6% and further simplification benefits/savings of $225m. I would suggest the $1.05/share dividend will at least continue for the foreseeable future and may well increase. On a 5% yield we are looking at $21; on a 6% yield we are looking at $17.50. I think it will definitely trend to $20, which is the previous high. This company had some tough years, but seems to be well and truly back on track. That's my take anyway.
The SUN came up today in Briz after the Ekka holiday, and I...
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Last
$17.18 |
Change
0.170(1.00%) |
Mkt cap ! $21.85B | |||
| Open | High | Low | Value | Volume |
| $17.24 | $17.37 | $17.18 | $69.86M | 4.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6176 | $17.17 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.28 | 6176 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| SUN (ASX) Chart |