I would like to share the same optimism but Im still concerned...

I would like to share the same optimism but Im still concerned that free cash flow may be primarily deferred to FY23. Im hoping that WIP growth is sensible and not massive. The WIP growth figure is important as the smaller it is, the more chance of a higher dividend as free cash flow can be banked rather than reinvested in the business. I think there will be a final dividend of 4.0cents per share, 25% increase on the previous 3.2 cents, however with the rising cash rate, directors should look at 4.8 cents per share final dividend for FY22 and 6.0 cents for FY23 and 0.5 and 1.0 cent increases in the respective interim dividends.