Nothing from Morgans as yet. Consensus ests have come down again...

First 229 Last

Share
Profile

Follow
FSW

122 Posts.

24/02/17

16:27

Post #: 22886882
Share

Originally posted by Strawman68 ↑

Wr888 not sure how anyone can come up with that the amt received is higher.
3.5c fully franked is equivalent to 5c unfranked (amt/(1-tax rate). last year it was 6c unfranked, so dividend this time around is less by 1 cent unfranked, or 0.7c franked....

Just had my citi analyst update come through from their analysis of yesterdays financials - downgrade from neutral (25 Jan 2017) to sell (now) price target dropped by 20% from $1.31 (25 January 2017) to $1.05 - not happy obviously - major comment was Earnings have received a double digit haircut for future years and Citi don't believe that the market is accurately pricing in this at the moment. My broker says they will be taken out of the ASX300 as well at the rebalance at end of March... which will have some impact as they wont be able to attract a lot of insto funds who don't have mandates to invest outside of the ASX300.

I also understand from a friend who is with Macquarie (but I haven't seen their report) that they have retained underperformed with target of $1.15 and that the loss was much greater than they had forecast.

Does anyone else have any updates from their brokers that they can share?

Expand

Nothing from Morgans as yet.

Consensus ests have come down again with Citi revision.

You make a good point re ASX300 precluding a big chunk of inst buying - the relief being there isn't much to stock to come for sale from inst.

EPW Price at posting: $1.11 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Chaos reigns markets – so let's take stock of where we're at ahead of December

There are more pages in this discussion • 150 more messages in this thread...

First 229 Last

Add EPW (ASX) to my watchlist

Nothing from Morgans as yet. Consensus ests have come down again...

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Chaos reigns markets – so let's take stock of where we're at ahead of December