The previous guidance was 10%+, but this was upgraded to 15%+ in the FY17 results release. That's a large part of the reason why the stock went on a run post the results being released.
GTK is a software business which expenses rather than capitalises its major growth costs (ie R&D and employee costs), so a high payout ratio isn't necessarily an impediment to growth given what they are paying out from (NPATA) is a number already net of growth costs.
The previous guidance was 10%+, but this was upgraded to 15%+ in...
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$13.01 |
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0.610(4.92%) |
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
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