MCP 1.27% 40.0¢ mcpherson's limited

Ann: FY2016 Results Release Presentation-MCP.AX, page-10

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    Thanks, paoloh. I agree with you. I suspect management wanted to reinvest some capital into expanding into overseas markets to leverage off its Singapore office. Hence the unchanged dividend from last year. I am happy to trust management on this one, given the recent improvements across the board.
 
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