Forum Archive Index - March 2004

["David & Jill Stevenson" <djstevo@quicksilver.net.nz>]

Karyn,

 

             Good point.  To  have a 249 % variance between ASB Securities at 6.9 % and the toppermost NZX at 15.17 % does appear to be a little more than decimal place accounting for the reason  I hope they realise that investors just might rely on their figures for investment decisions .

             On 23/2 PGG announced their half year profit up 10.6 % when announcing an interim dividend of 4 cps.  Last year in September they announce a full year profit very much in line with the previous year .  The two years showed EPS figures of 12.73 % and 13.49 % respectively . The total dividend was 8.5 % per share for Y/E 30/6/03. At a wild guess ,and bearing in mind this years increase of only 10.6 %, suggests two of the institutions may mistakenly be estimating an EPS from the interim dividend only

 

             David