it depends on what earnings figure you use
lets say the post adjustments 750m
then we need to look at when the divi will be physically paid ... late march / early april
then we need to look at how much cash they are paying out
.... the forward PE is difficult to estimate ...
I think that they would have more then covered the cash spent on the divi by the time it is paid ... IE From January to April they will earn serious cash
I thought that they would have been better to do a capital buy back ... ala BHP ... they have excess franking credits, might as well use some up and this would further increase the value of the company per share ... management need to learn a few more tricks ... they obviously need different incentive packages IMO ...
what day does it go ex div ??
ZFX
zinifex limited
