Very encouraging report from Shaws. EPS growth from 2016 - 2019...

Very encouraging report from Shaws. EPS growth from 2016 - 2019 is/predicted at 26.1% ,30.2% , 24.2%, 24.6%.
DPS in 2019 @ 26.5 , franked up that's 37.76 cents. Anyone with a tax free Super Fund or Super Fund at 15% tax on earnings take note, much better rate than cash !

Financial advisers deserting the major lenders in droves having bled more than 400 advisers in the last 6 months as they tire of the conflicts. Meanwhile consolidation between small and mid-tier independent advisories is gathering momentum. Perfect storm for FID as the operating leverage at FID is significant. Shaw's see the fixed costs ratio at 50% so incremental revenue falls through to the bottom line. As seen in thier forecasts, a 50% increase in Operating revenue translates to an 80% increase in EBITDA from 2016 to 2018E. FID trades on a forward PE of 11 on 2019 earnings.