The CS report made for encouraging reading. Projection is for dividends of between 8.0 and 8.86 cps for each of the FYs ending 2017, 2018 and 2019. That's an expected total of 25 cps over three years (or 27% of share price at time of posting).
Stan is expected to break even in FY 2018 and become a substantial cash generator after that. It's also seen by CS as a strategic asset that adds to NEC's attraction as a takeover target. $1.15 target includes $200 million (23 cps) for NEC's 50% stake. If Stan's value increase to $600 million (100%) it adds 12 cps to NEC's value.
I need to check that the dividends will be fully franked, but I am really tempted to double down here.
PT raised to A$1.15, page-5
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Last
$1.26 |
Change
-0.005(0.40%) |
Mkt cap ! $1.958B | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.27 | $1.24 | $3.242M | 2.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 39448 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 18567 | 3 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| NEC (ASX) Chart |
