Ann: 2023 Market Guidance Achieved, page-25

Yep - that’s the right thing to do re dividend. Sometimes I think that analysts preparing these reports forget to sense check them at the end (and have no real understanding of how a business works).

A dividend in FY24 isn’t likely as all the funds will be used to pay down debt. MMI also have a stack of losses to use before they will be paying tax so there would be no franking and another reason to avoid a dividend.

I’d love to see a buy back etc if the share price is still undervalued with any spare cash even if it’s just buying back the warrants from Nabari.