announcements, page-6

Errr... Tibbs it's 0.5c divi, no?

Interestingly it sounds to me like they're positioning this for takeover after the sale of the non-core assets. Those sales will decrease operating earnings but could increase NTA. Might also explain why only a 0.5c divi for June when the realistically could consider more given earnings guidance is towards the upper end of the range (ie 2cents). I'm assuming the strategy is diverting income to spy down debt to increase NTA ASAP.

What's a fair NTA post disposal? I reckon 21-22cents not out of the question in 6 months. Upside for 25 depending on asset disposal values and market uptick of 2-3% by June (which is not out of the question).