Quote Originally Posted by iceman View Post
Yes I expect we will see SP firm up on slightly better volume pre-Christmas. All we are hearing from SFF and other in the industry, as you point out, indicates a bumper profit this year. Given they replenished the coffers last year and ripped into the share registry clean up, I am confident we will see a 7c fully imputed divie in April
Company paid out $26.2m fully imputed last year - so $13.1m to the Coop. Dividend and patronage reward was $8.1m. Company kept the remaining $39.2m of NPAT.

Understand the need for the Coop to build their reserves, and a buffer for any rainy days ahead. Spent a bit on redeeming those shares, and should be good for remaining shareholders, and for NTA/EPS etc.

Would think potential for a stronger payout ratio and larger dividend. 7c equates to circa $7m - sure they can afford at least that!