Not a bad call, wasn't it....never mind no special divvy all normal divvy of 20c nevertheless
I suppose calling it normal dividend expresses confidence by management that they can hold or better this in the future -
nobody wants to lower dividends if they can avoid it.
Yes this is a great result. Cash generation of $265m allows for debt reduction from $315m (2014) to $193m plus significantly increased divie. I hope they continue focusing on getting net debt down to or below $100m and then pump out dividends at a great rate. That's assuming market conditions remain favourable which they should do for awhile yet. Happy holder and accumulating
Yes this is a great result. Cash generation of $265m allows for debt reduction from $315m (2014) to $193m plus significantly increased divie. I hope they continue focusing on getting net debt down to or below $100m and then pump out dividends at a great rate. That's assuming market conditions remain favourable which they should do for awhile yet. Happy holder and accumulating
the new profit matrix in the analyst presentation explains assumptions based on margins and forex
if the dollar falls to 50c they will have no debt next yr how about that! 50cps+ in divs oh that would be nice
the new profit matrix in the analyst presentation explains assumptions based on margins and forex
if the dollar falls to 50c they will have no debt next yr how about that! 50cps+ in divs oh that would be nice
That was a great presentation they put together. Looking forward now to ASM on 4th May in Auckland for further insight into their future plans and developments.
interesting to see that despite having 2 shutdowns in the 2016 year they are forcasting a record thruput. 2017 will be a cracker year if margins hold up (pardon the pun). Div next year could be around the 40c
interesting to see that despite having 2 shutdowns in the 2016 year they are forcasting a record thruput. 2017 will be a cracker year if margins hold up (pardon the pun). Div next year could be around the 40c
I'm picking total div for next year would be between 35c-40c.
I suppose calling it normal dividend expresses confidence by management that they can hold or better this in the future -
nobody wants to lower dividends if they can avoid it.
Exactly, am actually quite pleased that its normal div as it displays management's confidence in future pay outs.
Happy holder.
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Originally Posted by sb9
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