Buy @ $3.27. Using FY10 data, PE = 22.12 and Yield = 4.061%. Not that attractive actually. But, was reminded during CNY gathering that the EPS for the past 3 Quarters were better than FY09 (there was the worrying trend of EPS dropping from FY07 to FY09). Also, their Payout is usually 90% (FY09) to 100% (FY05 to FY08), so I'd expect at least 10.75ct dividend for 2H10 (to be announced on 15-Feb), assuming a Q410 EPS of at least 3.8ct and a Payout Ratio of 90% (can be higher if any of these 2 are higher or lower if vice versa). The EPS and DPS for the past few years,
FY10 (1st 3 Qs) : EPS = 11.48ct ; DPS = 3ct (1H)
FY09 : EPS = 14.78ct ; DPS = 13.28ct (2H = 11.48ct / 1H = 3ct)
FY08 : EPS = 15.82ct ; DPS = 15.8ct (2H = 12.8ct / 1H = 3ct)
FY07 : EPS = 16.95ct ; DPS = 16.88ct (2H = 14.88ct / 1H = 2ct)
FY06 : EPS = 15.15ct ; DPS = 15.11ct
FY05 : EPS = 13.64ct ; DPS = 13.6ct
It's a new share in my portfolio (had it before but previously sold all) and I'm in this more as a short term dividend play. But, will hold for longer term if it drops (likely will buy more to average down). Low volume, Seller '08' – CS. 😀
12:28PM
Buy @ $3.26. Same seller, '08' – CS. 😀