How do they figure earnings are around 13 cps and dividends are 12 cps if payout ratio is 40%? Is that supposed to be a full year dividend figure?
I realised I made a mistake in my previous post in the other thread, I was assuming earnings were in AUD but they're in USD. So that will make the yield more attractive if the AUD stays around these levels.
Anyway, overall I agree, those numbers look pretty good at $2. Not so much at $3.50 which the upper end.
Worth a Dabble?, page-3
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