@tripster
It is in the ballpark taking into account moderate buy back expectations. WHC pay-out ratio is currently 50% (including buyback equivalent per share) of NPAT. It is optimistic to expect that the pay-out ratio will change to 90% or more, but it could given the sheer amount of cash being generated.
WHC expects Winchester South to require $1B in capital investment and Vickery would need $700M. Both are expected to be completed within the next few years so we may see the company holding large cash reserves to self-fund these projects. From my experience, large construction projects cost more and take longer to develop than initially planned. This seems to be in the case 90% of the time due to variations, labour constraints, activism, equipment manufacturing delays, supply bottlenecks etc etc..
Bell Potters dividend expectation of $1 for the full year is realistic, if not conservative. Anything more than that is gravy. The company would do well to maintain a 10% yield y-o-y.
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Last
$7.60 |
Change
0.395(5.49%) |
Mkt cap ! $6.399B |
Open | High | Low | Value | Volume |
$7.60 | $7.80 | $7.40 | $51.34M | 6.790M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 6518 | $7.59 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.60 | 21963 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 21386 | 7.570 |
12 | 13396 | 7.560 |
16 | 24088 | 7.550 |
9 | 15701 | 7.540 |
9 | 20633 | 7.530 |
Price($) | Vol. | No. |
---|---|---|
7.580 | 6625 | 21 |
7.590 | 27643 | 15 |
7.600 | 34718 | 18 |
7.610 | 44981 | 15 |
7.620 | 23901 | 9 |
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