SEC FY2021 Results

The Company has released FY2021 Results. Highlights include:

– FY21 net profit after tax of $40.2m, a material turnaround from the net loss in FY20.
– Company NTA performance of +55.5%
– Final dividend of 5.0 cents per share (fully franked). Annual dividend yield equal to 3.5%* (4.8%** including franking).
– FY21 annual dividend of 8.5 cents is an increase of 55% on the FY20 annual dividend of 5.5 cents, in recognition of the strong profit for the year.
– New target dividend yield of 4% of NTA p.a. (5.4% including franking), paid quarterly, for FY22, beginning in the September 2021 quarter.
– On-market share buy-back of $9.9m to date, ($3.1m during FY21), adding 2.8 cents of NTA per share.

Additional information on the Company’s results can be viewed here

*Annualised dividend yield when combined with FY21 interim dividend of 3.5 cents per share, calculated on share price as at 30 June 2021 of $2.40. **Annualised dividend yield when combined with FY21 interim dividend of 3.5 cents per share, calculated on share price as at 30 June 2021 of $2.40 using 26% tax rate.

Disclaimer

This communication is prepared by Spheria Asset Management Pty Limited ('Spheria') (ABN 42‌ 611‌ 081‌ 326‌, Corporate Authorised Representative No. 1240‌979‌) as the investment manager of the Spheria Emerging Companies Limited ('SEC', 'Company') (ABN 84‌ 621‌ 402‌ 588‌) and Spheria Australian Microcap Fund (ARSN 611‌ 819‌ 651‌), Spheria Australian Smaller Companies Fund (ARSN 117‌ 083‌ 762‌), Spheria Global Microcap Fund (ARSN 627‌ 330‌ 287‌) and Spheria Opportunities Fund (ARSN 144‌ 032‌ 431‌) (‘the Funds’). Pinnacle Fund Services Limited ('PFSL') (ABN 29‌ 082‌ 494‌ 362‌, AFSL 238‌371‌) is the product issuer of the Funds. PFSL is not licensed to provide financial product advice. PFSL is a wholly-owned subsidiary of the Pinnacle Investment Management Group Limited (‘Pinnacle’) (ABN 22‌ 100‌ 325‌ 184‌). The Product Disclosure Statement (‘PDS’) and Target Market Determination (‘TMD’) of the relevant Fund are available via the links below. Any potential investor should consider the PDS and TMD before deciding whether to acquire, or continue to hold units in, the Fund.

Links to the Product Disclosure Statement: WHT0066AU, WHT0008AU, WHT0025AU, WHT6704AU

Links to the Target Market Determination: WHT0066AU, WHT0008AU, WHT0025AU, WHT6704AU

For historic TMD’s please contact Pinnacle client service Phone 1300 010 311 or Email service@pinnacleinvestment.com

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