The previous guidance was 10%+, but this was upgraded to 15%+ in the FY17 results release. That's a large part of the reason why the stock went on a run post the results being released.
GTK is a software business which expenses rather than capitalises its major growth costs (ie R&D and employee costs), so a high payout ratio isn't necessarily an impediment to growth given what they are paying out from (NPATA) is a number already net of growth costs.
Ann: Gentrack Signs UK Deal With Big Six Energy Supplier, page-9
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Last
$13.01 |
Change
0.610(4.92%) |
Mkt cap ! $1.009B | |||
| Open | High | Low | Value | Volume |
| $12.36 | $13.13 | $12.27 | $11.02M | 863.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 376 | $12.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.01 | 396 | 1 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| GTK (ASX) Chart |
