Cedar Woods Properties Limited – Indicative Uplift in FY19 Net Profit Boosting the Stock Price

Cedar Woods Properties Limited – Indicative Uplift in FY19

Subdued Performance in FY 18: Cedar Woods Properties Limited’s (ASX: CWP) stock rose 0.48% on August 22, 2018 after the company announced about expecting strong uplift in net profit in FY19. Meanwhile, for FY 18, CWP reported 6.3% fall in NPAT and gross margin contracted by 4 per cent to 41 per cent due to the changing product mix, Western Australian market conditions and the commencement of new projects, that have lower margins in the initial stages but are expected to improve over time.

Additionally, the company’s presales for FY19 and FY20 stand at more than $320 million (excluding the $58 million presale of Target) compared to $260 million at the same time last year. In addition, CWP has declared a fully franked final dividend of 18.0 cents per share, which brought the total dividends for FY18 to 30.0 cents per share. On the other hand, CWP stock has risen 10.12% in one month as on August 21, 2018  and is trading at a P/E of 10.71x.

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

Sponsored ad by Kalkine

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

Join Our Discussion

Start discussion with value Investors for ASX Stock Market Investment and Opinion.


6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

Click here for your FREE Report

LEAVE A REPLY

Please enter your comment!
Please enter your name here