Carzy stuff MRE, and nice divi!
Earnings and Dividends Forecast (cents per share)
2006 2007 2008 2009
EPS 72.5 74.3 69.6 53.8
DPS 57.5 45.0 40.0 24.6
thx
MS
MS
If you go back to post 49 you will see I forecast within 5 cents of the 45cent div, and you will see I also have regularly cautioned your trotting out Comsec as some form of corroboration of your views.
Both you and haematite did not believe nickel would sustain an average price that was higher in 2007 than 2006.
I understand that we can't always be right, but my analysis is based not just on what's happening now, but also on a forward view of events that affect the metals market.
Note that the BIG PICTURE for metals remains very much intact.
Although nickel remains at a ridiculously high price, its market tightness means that manipulators are playing an extremely dangerous game wherein a plus20% price decline is possible any time soon.
On the positive side of the equation, even serious and expert metals analysts are now reckoning that nickel regaining $50k/tonne is a reasonable probability: So price weakness will be heavily bought into.
In relation to the above Comsec dividend forecast, notice that they have not factored in another dividend for 2007: Are the stupid or simply forgetful?
Speaking of which, MRE will come close to achieving Comsec's annual earnings forecast
within the first half of 2007, and won't need the rest of the year to make up the difference.
Again, I caution you not to place in faith in the Comsec data you habitually trot out.