Here's some stuff from Divine Ltd's AGM, held on 25/10/94.
 
Results exceeded prospectus in all aspects but profit margin, which
was 14.4% instead of 14.8%. The chairman says that this resulted from
increased overseas promotion costs. Overseas sales amounted to 38% of
total.
 
Business for the first two months of 94/95 was 16% above prospectus
and "sales momentum is continuing" despite the rumoured housing
slowdown. They are working on the assumption of a 10% reduction in
sales in the total market, but claim the slowdown will not occur in 
areas where the company predominately operates.
 
In 94/95 they expect their 'Green Streets' projects to account
for the bulk of their sales - 82% up from 34% in 93/94.
 
They claim October to March is their best period for sales.
 
Predictions are as follows: 
 
 Revenue $95 M
 EBIT    $15.3 M
 EPS      14.5 cents/share
 DPS       9.9  "    "
 Dividend  9.9  "    "
 
Actually the dividend prediction was from the prospectus (from memory).
This year's dividend was 7.5 cents/share and EPS was 12.1 cents/share
for slightly less than a full year. Dividends are fully franked.
 
The shares are currently trading at around 70 cents. Code is DVN.
  
LM

--- Maximus/2 2.01wb