Buy @ $3.17, $3.16, $3.15
A new addition to my portfolio.
FY15 Results will be out tomorrow AM before mkt opens. Am expecting Div = 8ct (2H14 80% Payout) to be likely maintained, with the possibility of Best Case 11.5ct (if 100% Payout). Take note,
- 9M EPS = 12.9ct vs 12.2ct 9M14
- Q3 Cash = $358M vs $355M Q314
In fact, almost similar as last year and not very strong justification for a higher payout…The motivation will have to come from their parent (SIA) to "milk" their Cash Cows. The other "cow", SIAEC, had just reported a bad set of results, with a much lowered Div payout ie left SATS as the only alternative (if they need the cash)…. 😀