These guys keep on under promising and over delivering.
Brilliant job.
Guys I'm assuming that what's left over, after the debt repayment will go to the dividend since BCI already had a strong cash balance away from the debt/dividend obligation to it's bank/shareholders.
VERY simple calculations here, probably totally wrong, just a rough guess.
Cash Q3 FY13 ~ $41M Cash Q4 FY13 ~ $31M (Guess) Cash total $72M H2 FY13. $72M minus $48M (Debt repay) = $24M (Returned as Dividend) $24M divided by $123M shares = 19.5 cents per share
Could there be a 15 to 20 cent f/f dividend coming. I reckon management will at least match last years one.
Errrr ..... I wonder how Rob's going with the project inventory results? Is he gettin' much sleep?
BCI Price at posting:
$3.20 Sentiment: Buy Disclosure: Held
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