Revisiting the AGM presentation in light of current share price drop.
Assuming a first half dividend of 23.4c - in line with last year's first half, and measured against today's share price of $5.84 - I get a 3.9% FF dividend for the half. Given their prior performance, I would not be surprised if the dividend is higher, given the 4 month update given at the AGM. And of course, the dividend is likely to be complemented by an appreciation of the share price from an apparently severely oversold position.
There is also the possibility that Private Equity could come calling again on the back of the precipitous drop in share price - but who knows?
Seems to be exceptional buying at present.
SIQ Price at posting:
$5.85 Sentiment: Hold Disclosure: Held
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