CSL (CSL): Flat EBIT and trimmed full year guidance drags share price lower, but the dividend isup approx 25% AUD terms
CSL (CSL): Flat EBIT and trimmed full year guidance drags share price lower, but the dividend isup approx 25% AUD terms. The Net operating cash flow is up 28% to US$656m. The company continues to have a strong outlook, but given the current trading conditions, net profit after tax guidance for FY15 is now approximately 10% as compared to 12% flagged by Management in August (at constant currency). Today's share price reaction: Down 6.8% to $83.85 (10.46 am). Recommendation: Sell rating likely to be retained. Read more here: (VIEW LINK)
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.