The nasty surprise is the current SP which IMHO is due to the market believing SIQ is now ex growth.
Here is a business that has an ROE of 22.9%, is capital lite, generates very strong cash flows, pays most of its profits out as fully franked dividends and has lost only one large customer over the last two years.
Current dividend yield including franking credits is about 9.5% if the final dividend is 17 cents.
Frankly the final dividend should be above 20 cents.
So just being patient whilst the SP recovers will give you a great stream of fully franked dividends.
This looks like a screaming buy!, page-15
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Last
$8.40 |
Change
0.060(0.72%) |
Mkt cap ! $1.125B | |||
| Open | High | Low | Value | Volume |
| $8.31 | $8.48 | $8.30 | $2.432M | 289.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1215 | $8.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.42 | 720 | 1 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SIQ (ASX) Chart |