04-16-2015, 12:45 PM
Well this backfired on me. 
Still very concerned about the long term risks but obviously by taking a small risk I would have gotten an extra 8%. Ohh well, live and learn.
Haven't gone through the whole report, but from the small stuff SA newsletters are dropping into my inbox I gather.
Q1 EPS of $1.16 (down $0.02 Y/Y)
Revenue of $6.62B (-4.3% Y/Y)
Revenue down in all geographic sectors except for South America & Canada.
Cigarette volume rose 1.4% to 198.8B in Q1.
FY2015 Guidance: Diluted EPS: $4.32 to $4.42
Though I guess most of that is simply due to the currency exchange rates. If that situation solves itself then they should be doing really well in the future, but if it doesn't then the payout ratio starts to get uncomfortably high.
Still very concerned about the long term risks but obviously by taking a small risk I would have gotten an extra 8%. Ohh well, live and learn.Haven't gone through the whole report, but from the small stuff SA newsletters are dropping into my inbox I gather.
Q1 EPS of $1.16 (down $0.02 Y/Y)
Revenue of $6.62B (-4.3% Y/Y)
Revenue down in all geographic sectors except for South America & Canada.
Cigarette volume rose 1.4% to 198.8B in Q1.
FY2015 Guidance: Diluted EPS: $4.32 to $4.42
Though I guess most of that is simply due to the currency exchange rates. If that situation solves itself then they should be doing really well in the future, but if it doesn't then the payout ratio starts to get uncomfortably high.