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MMS - McMillan Shakespeare

Discussion in 'Stocks I-P' started by absolut-advance, Nov 25, 2005.

  1. craft

    craft

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    In relation to the MMS off-market share buyback.

    I hold in a superannuation accumulation account, so a tax rate of 15%. and have run the numbers to see if it is worthwhile participating.

    Here is the calcs in case it helps somebody else model their own numbers.

    upload_2019-8-23_8-54-43.png
     
    rnr and Faramir like this.
  2. craft

    craft

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    I’m going to tender some of my MMS shares into the buyback. Here is a trade analysis of one of the parcels.

    upload_2019-8-29_22-42-2.png

    The $15.95 after tax sale price is based on todays close and the calculations in the above post. Buy back is not concluded until 22/10 so final proceeds received will vary a bit.

    upload_2019-8-29_22-39-10.png
     
    kid hustlr, Faramir and Skate like this.
  3. bigdog

    bigdog Retired

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    One of the biggest falls today after asx announcement
    9/12/2019 9:07:15 AM FY20 Trading Update

    McMillan Shakespeare revealed that it expects its underlying net profit after tax for FY 2020 to be in the range of $83 million to $87 million.

    This compares to underlying net profit after tax of $88.7 million in FY 2019. Which represents a year on year decline of 2% to 6.5%.

    MS is experiencing more challenging market conditions in Australia, New Zealand and the United Kingdom than expected and these challenging trading conditions aren’t expected to improve any time soon.

    Regulatory changes impacting credit and insurance products have resulted in a reduction in its margins this year.

    upload_2019-12-9_10-22-26.png

    upload_2019-12-9_10-24-45.png

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