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Hi everyone - do you think IMF is going to pay a dividend or...

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1110naga1011

205 Posts.

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21/08/17

15:30

Post #: 26637483
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Originally posted by Jimmy_C ↑

I get a similar revenue and gross profit figure, but I have a lower EBIT as I get about $35m overhead. Remember that 2H overhead is larger than 1H as bonuses are paid in 2H. I actually think the overhead could be even higher than my $35m given recent office openings and new hires in 2H - a $37-8m figure wouldn't at all surprise me. There's also the issue of what I think was a $5-6m capital raise fee paid to Mercury for establishing the US JV - if they expense the whole thing, that's another straight hit to EBIT.

Agree that the important updates are:

- Europe
- Further JV/fund raise activity
- Affirmation of $123m FY18 commitment target. I would probably think about exiting if this is materially revised down - combination of exploding overhead and difficulty in meeting commitment targets would indicate managerial incompetence in my mind.

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Hi everyone - do you think IMF is going to pay a dividend or withhold the cash for business purposes. With all the new expenses incurred during the year I was also interested in finding out everyone's thoughts.

Personally I think IMF is on a good long term trajectory and confident that we will be laughing to the bank this time next year (my opinion only).

IMF Price at posting: $1.88 Sentiment: Hold Disclosure: Held
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