Buy @ $2.46, $2.45
Continue to cover my previous "shorts"… one more buy to go… 😀
Q1 results were out yesterday evening… EPS = 4.5ct vs 4.9ct yoy due mainly to lower handset sales… FCF = 6.9ct, a big jump… can almost pay for 1H Div = 7ct of last year… But, due mainly to Inventories & Trade Debtors ie not on superior profits / margins… Also, Div Payout = 80% of EPS for past 2 years and if maintained, this means a possible lower Div… unless they increase to >80% Payout like 3yrs ago…
Was still contemplating whether to contra off my recent buys at $2.50 in the AM… Range $2.43 – $2.51…