Originally Posted by
mistaTea
Yes, the idea of a 9cps divvy shows the perils of taking the consensus of these so-called analysts.
As you point out, that would not even equate to 50% of adjusted FCF. It doesn't even touch the rest of the large cash pile either.
I think the minimum standard dividend would be around 15cps and maximum 23cps ($26M - $40M).
Then, if Craigs is closer to the mark and Sky are planning to return $90M in total the special dividend would be somewhere between 28cps to 36cps (50M - 64M).
Total payout 51cps.
Less than 24 hours until we find out how generous Sky will be and in what format they will do a capital return. Special dividend seems the most sensible route at this junction, but there is always the possibility of some sort of a buyback too).
Should see some further uplift in SP.