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Re: [sharechat] Conflicting Financial Figures for Stocks - Who is right?


From: "David & Jill Stevenson" <djstevo@quicksilver.net.nz>
Date: Tue, 23 Mar 2004 14:23:19 +1200


Karyn,
 
             Good point.  To  have a 249 % variance between ASB Securities at 6.9 % and the toppermost NZX at 15.17 % does appear to be a little more than decimal place accounting for the reason  I hope they realise that investors just might rely on their figures for investment decisions .
             On 23/2 PGG announced their half year profit up 10.6 % when announcing an interim dividend of 4 cps.  Last year in September they announce a full year profit very much in line with the previous year .  The two years showed EPS figures of 12.73 % and 13.49 % respectively . The total dividend was 8.5 % per share for Y/E 30/6/03. At a wild guess ,and bearing in mind this years increase of only 10.6 %, suggests two of the institutions may mistakenly be estimating an EPS from the interim dividend only
 
             David

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