Quote Originally Posted by mfd View Post
With EBIT of 25 million and a 70% of NPAT payout ratio (policy is 60-80%), over the 166 million shares now on offer we can hope for about 7.5c dividends, assuming 28% tax rate and negligible interest. Rising to 10.5c if they achieve 35 million. Unlikely to get back to previous dividend levels any time soon.

I'll be crossing my fingers for a higher offer from somewhere.
Bold bit the key ......might achieve it by hook or by crook in F20 (delivering the promise) but I doubt whether they could sustain it at that level