K wrote: 7.2 NPAT (hoping they reach 7.5-8.0m) with a declared dividend of 1.5-2cps expected, a m.cap of only 174.3M. Those figures are the only reason i'm here.
Hi. That dividend guidance is for full year not HY. Dont be expecting 1.5c this time around...maybe half that. At least that was my interpretation from reading the company presentation late last year.
Hi Frogen...see my opening post on this thread. It would appear the seller is well known already from 2 notices to the exchange already regarding substantial shareholder changes. There is no doubt in my mind also that the negative global sentiment is forcing holders to sell. If Fund Managers are getting redemption requests from investors right across the spectrum, they have to sell stock even if they dont want to. And lets face it...those Fundies who are long the Dairy sector may also have been instructed by their bean counters to reduce exposure right across the sector.
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