A 40c dividend is unlikely as both SVW and KKR have committed...

A 40c dividend is unlikely as both SVW and KKR have committed themselves to the DRP plan for the last 26c payment and the interim payment which I would expect to be 19c. Why would they lower their dividend when they are the ones receiving most of the profit? As stated in the AGM address, Stokesy gave earnings guidance of around $300 Million for the half year ended 2011 which implies that a dividend of at least 46c can be maintained.

I would expect a huge runup in the S/P when the interim results are released and the market realises the huge F/F dividend on offer. After this, who knows ?