SGF 2.25% $3.41 sg fleet group limited

I bought in today on the basis that there did not appear to be...

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  1. 527 Posts.
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    I bought in today on the basis that there did not appear to be any meaningful change in the budget to FBT concession.

    Company looks good from what I studied of the prospectus, any idea on what you think NPAT/Div will be ?

    I roughly calculated from their NPAT(E) from the prospectus

    FY14 FY15
    LOW 60% PR 4cps 9.69cps
    HIGH 70% PR 11.3cps

    which would yield 2.28% in FY14 and 5.5 to 6.4% in FY15 on my $1.75 purchase price.

    Don't know if this was a wise investment as I also just put a lot of money into MMS but we will see when FY is released.

    I am also impressed with their growth rates and ROE!

 
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12 277474 $3.40
 

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$3.41 88645 14
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