Simon’s stock tips
SPUR
RocoMamas performing well
pur released good financial results on 23 September for the year ending 30 June with headline earnings per share (HEPS) 33.1% higher even as revenue dropped 10.5%. While this was year-end results, Spur did not pay a dividend, opting to rather pay an interim deferred dividend for the 2020 financial year. They had declared a dividend last February but as the pandemic started, they elected not to pay and will now be paying the 78c per share. Despite hard lockdowns and fears of a fourth wave, they did well with RocoMamas the top performer. This is not a surprise as it can more easily work around lockdown restrictions. Overall, the group is well-positioned with good brands. With an historic price-to-earnings ratio (P/E) of around
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