DOW 0.95% $5.84 downer edi limited

Ann: Half Yearly Report and Accounts, page-2

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  1. 1,894 Posts.
    lightbulb Created with Sketch. 98
    solid result and 7% increase in dividend - including solid segmental results across the board - good result.
    IMO the result fully supports the current market valuation, though we have a little softness today after recent run-up as I guess a few were hoping for some "froth" in the result.
    FY19 outlook is $352M profit puts the company (at $7.35sp and market cap of $4.4B) on a P/E of 12.4 ! not at all demanding ! so i see sp strengthening over the coming year.
    Last edited by curiouswon: 07/02/19
 
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