ESG 0.00% 86.5¢ eastern star gas limited

change in holding, page-37

  1. 2,902 Posts.
    lightbulb Created with Sketch. 61
    That is right

    STO normally pays 15c in early Oct (last yr 6/10/10) which will precede the implementation date of 28/10/11

    So new ratio would be announced after Dividend amount announced

    They have said 15c is the new normal but we have to wait and see

    13.23 -0.15 = 13.08

    0.90/13.08 = 0.06881

    So 0.06881 STO for 1 ESG would be the new ratio

    Of course the STO sp will drop at ex-div date
    so our generous initial $0.90 stays nominally the same

    My understanding is that we are exposed to the Highs/Lows of the STO sp .

    We are not guaranteed 90cps. If STO falls a lot we lose , if it rises we gain.


    Cheers
 
watchlist Created with Sketch. Add ESG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.