On the dividend question (and I think this is the most important for ST share holders). They will announce the $6M first half profit and based on previous dividend ratios (50%) they will have a max of $3M to distribute. With 43M shares that equates to 6.9 cps. I don't think we will see that, but the board and company will want to restore some confidence in the market and beyond. I say beyond, because if you worked for CCP for 6 months and saw the announcement on Monday and SP drop would you be asking about your future? Not to mention the funds, banks, etc. As such I dont think they will withold and I don't think can be as conservative as 2-3cents. I think we are looking at 4-5cps. Which will give us a notional yield ps of about 11% based on current SP. Should take us back above $1.05 at least. Will wait and see.
CCP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
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