SDF Withdraws its FY20 Guidance Amid Coronavirus Pandemic

  • Mar 25, 2020
  • Team Kalkine

Steadfast Group Limited (ASX:SDF) has reported strong numbers for the first half year of FY20 and the two months to the end of February 2020. But due to events that have outspread during the month of March 2020 and the implications for numerous businesses and employees, the company has withdrawn its guidance for FY20.

  • The company shall provide an update on expected financial performance and the impact of the unfolding COVID-19 situation when practical.
  • The general insurance sector is expected continue to provide the necessary insurance products that allow businesses to continue to trade.

At AEDT 12:42 PM, the stock was trading at $2.770 per share, down by 6.102% from its previous close.

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report  Top Dividend Stocks to Consider in 2020

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