Share
3,436 Posts.
lightbulb Created with Sketch. 177
clock Created with Sketch.
06/09/18
17:07
Share
Originally posted by mickeebee
↑
shorts are having a field day. Any reason to profit from what should have been more than already priced in. should only be a short-mid term blimp as it typically is until the next poor result captures their attention...
Happy to sit on this and enjoy the yield. where do u get ~6%+ ; 100% franked?
mngt wont twiddle their thumbs for 1.5yrs - theyll be looking at alternatives to achieve their stated >13% ROIC.
also, they stated "Expect net debt to be around $260m at FY19 (subject to any acquisitions )" [pg13 of preso] - hinting at potential additional bolt ons which will have to meet mngts strict >13% ROE hurdle rates (so accretive).
There is clearly plans and strategy in place to grow and reshape the business. happy to be part of the journey and earn a steady income along the way....in the interim, these shorts will continue to squeeze what they will until the strategy is laid bare...
hold faith. DYOR
Expand
mickeebee & roerec.
Sure.
Got in today.
And going to stay in for the ride not caring about the day to day gyrations.
No one expeccted the dividend to be coming at this level. so shake up and then re load lower by sharks will happen.
IMHO
DYOR.