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Old 13th February 2011, 05:06 PM
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Unhappy Re: Fidson Healthcare Plc

Originally Posted by 123.rado View Post

27 January 20, 2011
Audited Year Ended (June) 2010

Profit and Loss Information
Turnover 10 N5.100b 09 N5.019b
Profit Before Tax 10 N642.183m 09 N623.036m
Taxation 10 (N176.290m) 09 (N193.963m)
Profit After Taxation 10 N465.893m 09 N429.073m

Balance Sheet Information
Fixed Assets 10 N2.150b 09 N1.903b
Investments 10 N2.813b 09 N2.584b
Stock 10 N714.317m 09 N666.214m
Trade Debtors 10 N1.262b 09 N1.104b
Cash And Bank Balances 10 N232.831m 09 N79.223m
Other Debit Balances 10 N728.035m 09 N843.886m
Trade Creditors 10 N250.611m 09 N373.909m
Short Term Borrowings 10 N875.602m 09 N592.237m
Other Credit Balances 10 N1.425b 09 N948.218m
Working Capital 10 N312.831m 09 N668.751m
Net Assets 10 N5.230b 09 N5.095b

Corporate Actions
Proposed Dividend- 10kobo
Proposed Bonus- Nil
Payment Date- Nil
Closure Date- Nil
AGM Date- Nil
AGM Venue- Nil
The EPS of this company at the end of FYE june 09 was 0.30k and a dividend of 0.22k was declared, and at the FYE june 10 the EPS of 0.31k out of which the directors are proposing a dividend of 0.10k. The investors are not ok with this hence a bearish stock. I would have taken this as opportunity to buy this stock but my fear is that this coy has not posted their 1st qtr reports which I guess may not be too good cos if it is good they ought to release it together with their audited accounts to give investors confidence about the coy and the reduction in dividend. I am confused:
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