It seems like an about turn to me. In the recent past dividends have been increased at 10% per annum, and paid monthly to create a strong perception as being a dividend stock. So to switch to zero is a big policy move. I think instos and funds will not be bothered, but retail investors will be turned off. But Mr Kelly has always presented as a Buffeteer, so we should not be surprised.
Gosouth
KPG Price at posting:
$4.80 Sentiment: None Disclosure: Held
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