The EPS of 31.6c was expected already for 2011.
The market was expecting EPS growth of about 3% for 2012 and they said today there will be no growth in EPS and even then that depends on no interest rate rises, changes to the Australian economy and s steady increase in residential activity.
All in all it sounds like they won't meet the same EPS of 31.6c so hence the mark down. You are basically only buying now for the dividend as growth will be flat or down.
I like GMG group as they should grow 8% to 10% over the next 12 months and are trading on a p/e ratio of approx 10.
what wrong with this dog?, page-3
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Last
$5.06 |
Change
-0.090(1.75%) |
Mkt cap ! $12.74B | |||
| Open | High | Low | Value | Volume |
| $5.17 | $5.18 | $5.05 | $26.37M | 5.193M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 252697 | $5.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.08 | 30740 | 3 |
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| Last trade - 16.10pm 20/11/2024 (20 minute delay) ? |
| SGP (ASX) Chart |
