TAP tap oil limited
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failure of corporate strategy, page-17

  1. tongaface
    539 Posts.
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    21/03/14
    12:42
    Post #: 13156986
    You mentioned, based off your calculation that the $164m p.a. would "pay a fair sort of dividend".

    In that you were implying that the gross revenue by itself was directly correlated to the capacity to pay a dividend, which of course it isnt.

    You then asked for someone to fault your calculations, so i did.
    TAP Price at posting: 41.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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