What concerns me is at the 2016 F/Y announcement, Christine said 1st quarter will be lower than corresponding 1st quarter of 2015, but NPAT for 2017 will exceed 2016. Clearly this won't be achieved. I was shocked by the NPAT drop.
Also dividends, it won't increase in 2017 IMO. To pay $4.10 it will cost BKL $71 million. So either they have to maintain dividend payout by borrowing money or earning more than $71 million or reduce it. Interesting times.
BKL Price at posting:
$106.60 Sentiment: Hold Disclosure: Held
