We may need the declaration of the dividend, possibly this month to give it a kick. If they declare 0.2 cps out of 8 months profit, they could probably do another 0.2 cps for the current six months, given the cost cutting and on the lower capital. That would give 10% on shares at 4 cps, at least partially franked.
If they need the annual accounts and audit to identify cost blowouts the accounting systems clearly need attention.
Ann: Capital Restructure and Dividend Guidance-MSG.AX, page-12
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