In more ways than one mate. I have recalculated my expectations of profit and dividend in the year ahead and I see a minimum of $21m and 35 cps. No reason why they won't pay out that full 35 cps as dividends as forecast capex this year is less than depreciation.
35 cps as a function of the theoretical ex price $3.60 - 0.17 = $3.43 = 10.2% net or 14.2% gross yield ! With that remarkable yield and the very real prospect of SP gains it is any wonder Timothy Glasson is happy to own 20% of the company and the well respected Hickman's of Ryman fame are also large shareholders.
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