From memory, capacity payments are payable at the end of the financial year in which they are incurred. From an accounting perspective, they'd be recorded as revenue and added to receivables as accrued, with corresponding cash payment post June 30. Don't see why they can't be factored into interim distributions ahead of the cash received provided there's sufficient cash on hand.
After today's update, and assuming 9% moisture content and 0.77 AUDUSD, I've got EPS a tick over $0.10 for the second half prior to any capacity payments. Annualise that out, and it's a 4.5% yield on current market prices ahead of South Flank doubling its production profile.
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