I expect dividends to be reduced due to franking credits being exhausted. CAA has large tax losses and so the capital management plan will be weighted towards buy-backs as per announcement from company on 23/6/2023.
If you are wanting Dividends with franking credits then CAA will not deliver this, however it is undervalued in my view and with buybacks I expect decent SP appreciation over the next 5 years. Note PE is ~5-6.
CAA Price at posting:
$9.69 Sentiment: Buy Disclosure: Held
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