Ann: VDM awarded $38 million in new contracts , page-9

Okra, they paid dividends from 05/06 until 2007/08 FY (the last one being 10c a share) and the GFC. Then they made a one off one of 2c a share in 2010. That was just before they realised they were running out of cash and work. Since 2007 they've had two CRs, the one last year being very dilutive. According to the Westpac site the diluted value of the 07/08 dividend would be 3.5c a share. That was with a diluted EPS of 4.8c, total revenues of $406m and a NPAT of $25.5 million (07/08).

Some revenue guidance for the year would have been nice along with the contract announcement.