DOW is selling some non core business. Has done 60% already.
COMMENTARYIn a preliminary review of Downer EDI's first half, Macquarie sees a relatively clean result with no major one-offs. The dividend has been reinstated at 9 cents, above the broker's expectation for 5 cents.
The profit (NPAT) represents 44 % of the broker's full year forecast and compares to the usual 42/58 split.
The analyst highlights $526m of asset sales to date including Open Cut West, Blasting Services, underground and Laundries, with greater than half of this to be received in the second half.
The analyst believes the strong cash result and asset sales pave the way for potential capital management initiatives and acquisitions going forward.
The Outperform rating and $5.82 target
DOW is selling some non core business. Has done 60% already....
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Last
$6.91 |
Change
0.070(1.02%) |
Mkt cap ! $4.640B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.96 | $6.81 | $8.507M | 1.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6344 | $6.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.97 | 5581 | 1 |
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| Last trade - 16.10pm 31/07/2025 (20 minute delay) ? |
| DOW (ASX) Chart |