Fundamentally, this just doesn't deserve the SP bashing it is taking....
This year we? ? delivered on our 2011 full-year operational guidance ? achieved three major strategic milestones including the sale of USM, the sell-down of TSI Fund and the acquisition of Easternwell ? reduced our lost time injury frequency rate by 25 per cent ? secured more than $5 billion worth of new and renewed contracts, and ? won nine major national and international awards.
12% growth in order book
"The total dividend for the year will be 14 cents per share representing a dividend payout ratio (to normalised NPAT) of 78 per cent. This is a little higher than our long-term target range, however our cash position and balance sheet have allowed a payment above the typical dividend payout range."
"We achieved earnings guidance with operating net profit after tax (NPAT) excluding non-recurring items of $100.1 million, a 4.3 per cent increase on the prior year."
TSE Price at posting:
$2.02 Sentiment: Hold Disclosure: Held
