Looking at the last 2 years PBT , it was 13.5 m in both years resulting in a NPAT of 10.2 and 10.1 m and average cash flow of 18 m per annum . This tells me that NPAT likely to be around 10.3-10.4 m and cash flow of 18-19m likely so one would expect GAP to end the FY with about 5-6m after buy backs in cash and I would say dividend should increase to maybe 1.1 per 6 months
Ann: Upgraded Guidance, page-5
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