MFD 0.00% 54.0¢ mayfield childcare limited

They didn't release any guidance(besides the general outlook for...

  1. 96 Posts.
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    They didn't release any guidance(besides the general outlook for the industry) and said they would provide a more detailed outlook after Q1 activities.

    I think that would imply that they are going to do a quarterly update for Q1 and provide guidance for CY 2019(at least an update at the AGM).

    Re the dept, I don't think it is too big a deal while the DRP is being taken up by the large holders. I personally would prefer for a lower payout ratio so that the business could reinvest into more centres without the DRP, rather than diluting shareholdings at such low PE multiples through the DRP.

    I also think a 6 monthly dividend would help sustain interest in MFD all year round from retail investors.
 
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