Looking for a reason why this was dumped by 3% today - did they not re-iterate the FY17 outlook in the Annual Report today that was presented at the time of release of the FY16 results?
The top 20 shareholders at 2Sep16 have 94.6% of the issued shares so only 47mil shares of the 871.4mil issued are held outside the Top20 holders. Only 72 holders have more than 100k and I would guess they hold some 97% of the shares.
Hopefully they'll be paying a 9c fully franked dividend out of FY17 profits in Apr17(4.5c) & Oct17(4.5c).
So potentially yielding 9.28% plus benefit of franking credit of 3.97%(3.85c) for SMSF's or 13.25% total yield on the current price of 97c.
Also hopefully they'll only be two specific items affecting the P&L in FY17, namely the Warner Bros program charge of $86mil that should be more than offset by profit on sale of the Willoughby site that settles this month.
And always a chance that they will be gobbled up in the media consolidation process that will start after the laws are changed later this year.
Looking for a reason why this was dumped by 3% today - did they...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NEC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.28 |
Change
0.010(0.79%) |
Mkt cap ! $1.958B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.31 | $1.28 | $4.863M | 3.819M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 68389 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 25886 | 4 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| NEC (ASX) Chart |
