Aristocrat starts to pay out

The annual meeting confirmed that the turnaround is on track. But a change of balance date muddies the waters.

Since last year’s Aristocrat Leisure annual general meeting—see 3 May 11 (Buy – $2.73)—much has changed, and largely for the better. The turnaround gathered pace during 2011, becoming more visible with the announcement of the company’s full year results (see 28 Feb 12 (Hold – $2.88)).

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