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Just Energy Group Inc. Message Board

  • shiftsuper175607 shiftsuper175607 Mar 26, 2013 8:47 AM Flag

    two of my favorite parts of the PR

    We recognize that there are rumors in the market regarding a further dividend reduction as well as speculation concerning the ability to achieve our previously articulated cash flow guidance. These rumors are completely inconsistent with the information we shared during the recent third quarter earnings call and our near-term forecasts for the business. At this point, we do not expect any further changes to our dividend payout and the margin embedded in our existing customer book and the strong customer growth seen in fiscal 2013 will result in higher cash flow in fiscal 2014 allowing us to both fund growth and pay-down debt."

    Just Energy has previously indicated that it expects its payout ratio on FFO to reach a target level of 60% - 65% in fiscal 2016. This would require significant further growth in cash flow resulting in further debt repayment over the coming years.
    ______________________________
    If you read between the lines of the last paragraph, you see they are guiding for "significant future growth" as they are stating they will reach 60%-65% target level in fiscal 2016.

 
JE
5.95-0.05(-0.83%)Aug 29 4:02 PMEDT

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