Now suppose that the payout amount was $US 150M (just by way of an example). Under the proposed split, shareholders would receive 4.75 cps and POH would retain $AUD 135M. The question is, how would management see POH using this money or indeed could they use that money in any reasonable timeframe.
If POH were to receive $US150M and I were to receive 4.75c per share and the share price sat at cash backing value, let's say 10c+ I have to be honest and say after all this time I think I would take the money and run. Not sure I'm still interested in what the company can achieve in the next say 5 years. It's been a long hard slog for long-term POH investors.
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Open | High | Low | Value | Volume |
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