FCF one of the most important considerations. At POO of $80-90 DLS looks good buying re year ahead. But POO has crashed so is it worth waiting? maybe, but bear in mind some 40% of DLS production for CY15 is hedged at around $80 average. Another 5% drop in AUD will help as well.
So other figures: FY14 Basic EPS excluding exceptional items is 17c. Hence, SP at 72c = PE of 4.26. Total debt 33%, ROCE is 13.2%, ROE , Price to book 1.74x, and a figure I'm using more and more 'interest cover 19.7x. I've discovered the hard way that many companies barely cover the interest on their debt.
I hope JCoure isn't right and DLS management is ordinary. I've also had a few of those.
WPL Price at posting:
$35.50 Sentiment: None Disclosure: Not Held
STO Price at posting:
$7.58 Sentiment: Hold Disclosure: Not Held
DLS Price at posting:
71.5¢ Sentiment: Buy Disclosure: Held
