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)
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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.
Comments
Comments
Sign In or Join Free to comment
most popular
Equities
How to choose excellent fund managers
Livewire Markets
Macro
The RBA should warn that it could raise rates again
Coolabah Capital