Computershare Limited

By Intelligent Investor · 6 Sep 2002

By Intelligent Investor ·
6 Sep 2002

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Computershare Limited - CPU

Current price

$27.95 at 16:40 (18 April 2024)

Price at review

$2.31 at (06 September 2002)

All Prices are in AUD ($)

One company to please the market with its result was Computershare. It posted a $71.3m net profit for the year to 30 June 2002. Management lifted the annual dividend from one cent to five cents per share and, in keeping with this new policy, declared a 2.5 cent fully-franked final dividend (ex-date 12 Sep). An on-market share buyback was also declared which impressed, as did the announcement of a new alliance with Citigroup. The stock is up 11% since our full review in issue 107/Jul 02 (Buy - $2.08) and, given that rise, we're shifting our recommendation back a gear. LONG TERM BUY.

IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.

Computershare Limited

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Computershare Limited

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