a large reserve release would provide enough profit to allow a mid year dividend.
one way or another gma will return to paying out large dividends . but really , all investors should care about is if retained earnings are reinvested accretively. the ceo stated that new business written was roe accretive. I believe her .
not sure why aus investors so obsessed with cash being paid out. currently it would be more acccretive for gma to buy back shares some 30+% below nta.
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7 | 8836 | 3.810 |
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