Correction to M2 dividend forecast

After talking to management of M2 Group, we have discovered that their policy of paying out 70% of net profit as dividends relates to the reported net profit rather than the underlying net profit as we'd assumed in previous articles: M2 finds life in Dodo on 18 Oct 13 (Buy – $6.02), M2 takes a breather on 29 Jan 14 (Buy – $6.08) and M2: Interim result 2014 on 20 Mar 14 (Buy – $5.99). Guidance for 2014 is for a reported net profit of $60m–70m, which implies fully franked full-year dividends of 23.3–27.1 cents and a fully franked...

After talking to management of M2 Group, we have discovered that their policy of paying out 70% of net profit as dividends relates to the reported net profit rather than the underlying net profit as we'd assumed in previous articles: M2 finds life in Dodo on 18 Oct 13 (Buy – $6.02), M2 takes a breather on 29 Jan 14 (Buy – $6.08) and M2: Interim result 2014 on 20 Mar 14 (Buy – $5.99).

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles