galumay
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Bit of a hit to earnings with the restatement of the tax liability, but a look thru to the FCF will show that things are ticking along quite nicely!
FFI - FFI Holdings
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yes bitter-sweet , i am guessing next years ' tax hit will be less ( unless there is another 70% jump in revenue
but the current lift in revenue is morale-raising
galumay
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FFI, this is the sort of business I love owning. Annual report is 18 pages! No photos, no bull**** earnings, just the financials and brief, concise commentary. As foretold in July, the main impact is the higher tax rate.
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awesome .. i was expecting them to struggle more
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The Company’s Dividend Reinvestment Plan (DRP) remains suspended and will not be in operation for the final dividend payable on 26 September 2024.
There is no foreign sourced dividend.
that is a bit of a bummer .. i participate in the DRP
oh well a bit more cash to splash elsewhere ( since i suspect this will not dip low enough to add on-market )
There is no foreign sourced dividend.
that is a bit of a bummer .. i participate in the DRP
oh well a bit more cash to splash elsewhere ( since i suspect this will not dip low enough to add on-market )
galumay
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I am generally not a fan of DRP's due to the effect of dilution. But, yeah, means a new home has to be found for the capital. In my case I just take them as lump sum payments!
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it depends on which companies i participate fully or partially
and also the timing of when the plan is offered . for example , only recently has BHP offered a plan .. in 2011 i would have been very interested , but now approaching 70 years old not so attractive
but FFI has operated it most of that time , so there i have been an eager participant
