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SMSF dividends stock

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SMSF dividends stock

AX1,I have and want to know does it have any growth in the next 12 months, I looking for income from my SMSF with dividends,I had [email protected]/[email protected] +dividends ,is S32 and DRR and TLS good value with dividends and growth.

Answer

Hi Michael,

Accent Group (AX1) is not expected to grow much at all in FY23, with consensus expectations having profit actually falling along with the dividend. If you go onto the Market Matters Website, and go to the Accent stock page (link here) or any other stock for that matter, you can see earnings forecasts and actually plot them on a graph – I’ve done this for AX1 below.

As for TLS, and S32, we own both stocks across two portfolios, S32 was out latest buy in the Growth Portfolio last week and Telstra (TLS) is a member of our Income Portfolio. We like both. Deterra (DRR) is an interesting business, a royalty stream exposed to Iron Ore. We like it, our only concern is if they go out and buy something else i.e. another royalty, that could put some pressure on the share price.

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AX1 Earnings Profile
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