the turn around is happening just think if they get back near historical divs at some stage once debt is down enough on average I think they paid around 18c/share that would be nearly 19% return a yr at current prices
I be very surprised if dividend this yr although they could afford 1c next yr could be a lot more in way of divs
I would rather they wait on paying the dividend. Lets clean up the balance sheet first and get back to some normal profitability before dispersing with excess cash.
I agree for a business that just had to sell assets to pay down debt and only starting to see good results to start paying a dividend would be a terrible decision and one I'd think less of management if they did. Considering the finance cost is about $4 million a year they would be nuts not to focus on debt payment first.
News a few days ago stated we do have the biggest building boom ever now.
SP holding around 85-87 before results out in the next few weeks. Have added to my holdings in the last few months raising my average buy price to over 70c. Looking forward to the coming announcement and year ahead.
News a few days ago stated we do have the biggest building boom ever now.
SP holding around 85-87 before results out in the next few weeks. Have added to my holdings in the last few months raising my average buy price to over 70c. Looking forward to the coming announcement and year ahead.
Gunny
Biggest building boom has been going foe several years - while missing out so far Cav might catch the end of it
Ramping up synthetics - from the radio this morning
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