Future estimates of earnings still quite behind historical...

Future estimates of earnings still quite behind historical earnings at FY26 EPS of $0.172 against historical 10yrs:



Yet dividends are forecast to be maintained as above.

This could be the source of the negative broker report discussed in above topic threads. ie dividend unsustainable.

UBS:


UBS are bullish on above data.

Morningstar: more conservative estimates (note in AUD, whilst UBS in is NZD)



From the above: i conclude that buying on historical dividends is dangerous (if the dividend is cut, then the historical dividend is irrelevant).


Above is the action in the New Zealand market. Closed on the 52 week low at just just above $3.
Now use currency exchange into AUD: 3 x 0.91 = $2.73
So ASX closing price of $2.80 is 7c above New Zealand equivalent pricing. Given this is a New Zealand company with a primary NZ listing, I like to see how New Zealanders are feeling about the stock.


Each investor must do their own analysis, based on their own circumstances and risk tolerance.

For myself I have a position already (loss making), I am watching but not yet ready to take another position.