After reading company comments following H1 FY 20, I realise that my dividend forecast for FY 20 is quite optimistic. During the conference call, the company mentioned that "we'll continue paying out approximatively 50 % of full year earnings". At that time, they were expecting a full year NPAT moderatly lower. Given that net result has probably decreased by more than 50 %, there is some uncertainty on the final dividend payout.
CWP seems cheap and well positioned, page-2
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