wooooooooooosh
Attachment 12304
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wooooooooooosh
Attachment 12304
be interesting what price they get for the cap raise considering you have the cloud of the ETF selling to come. might want a bigger discount?
I really wonder when the underwriters signed on the dotted line for the $7 price. I suspect it was well before Friday. Just saw a note from Sharesies that they have an allocation in the placement. A sure sign that a very wide net is being cast to suck these placement shares up.
- $580m further investment approved to develop a new 152MW geothermal power station
at Tauhara, near Taupō.- $400m equity raise announced to support a capital investment programme, including the Tauhara Project.
- Strategic review of thermal assets under way over the next few months.
- Revised dividend policy to distribute ordinary dividends targeting a pay-out ratio of between 80-100% of the average operating free cash flow of the preceding four financial years.
Dividend policy revised
The Board of Contact has updated the company’s dividend policy. Under the new policy, Contact will distribute ordinary dividends targeting a pay-out ratio of between 80 per cent and 100 per cent of the average operating free cash flow6 of the preceding four financial years.7 For the FY21 financial year, the target payment for the full year dividend is 35 cents per share.
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Good to see that the next div is to be paid on 30/3/21 instead of an April payment. Saves 6c/$ tax for those over $180k. Just hope the other power companies follow suit.
Hmmm, did I just get my wish?
Last years dividend payout was 39cps.
'Dividend Slashed' might be overplaying things Winner. From 39cps to 35cps is more a minor nick, Barely a flesh wound.
On the job. 90% of the free cashflow is straight down the middle of the new policy. So I will start there.
SNOOPY