Based on Qrt report release this morning, Full year revenue (Dec 2018) expected to be north of A$350m thus best annual result in the past 6 years. Record profitability for 12 months (Dec 2018) expected. Reasonable confidence that annual results will be at least 50% higher than previous best net profit for the past 6 years. Expecting ROE for FYE18 to be at least 30%.
The next dividend is a Final not interim. This should be seen as a record year rather disappointment especially sell price expectations and revised Contract off-take pricing mechanism change.
Board should be declaring & paying dividend of at least $0.02 IMO based on estimated Franking Credit availability. Assuming strength of profits and cash flow the tax paid should permit 100% franking of $0.02 divy plus interim FY2019 trading - shipments. A $0.02 Final dividend payment would only equate payout $23.2m in March 2019 which would be less than 20% NPAT payout ratio even after a $0.01 interim dividend paid Sept 2018 . DYOR.
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Based on Qrt report release this morning, Full year revenue (Dec...
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Last
24.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.7M |
Open | High | Low | Value | Volume |
24.5¢ | 24.5¢ | 23.5¢ | $307.9K | 1.284M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 459114 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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24.5¢ | 168026 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 459114 | 0.240 |
6 | 321083 | 0.235 |
15 | 747569 | 0.230 |
16 | 1144860 | 0.225 |
28 | 1351522 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 168026 | 3 |
0.250 | 391174 | 8 |
0.255 | 362788 | 9 |
0.260 | 462880 | 11 |
0.265 | 313225 | 8 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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