I’ve had a look at the numbers again around the dividend. If ASH did $4.5m Net Profit, that’s 3.1c of earnings. Cash earnings would actually be higher as the tax charge is notional only due to previous losses.
On the basis of a 70% pay out ratio, we could be looking at 2.2c of dividends.
Great recovery, more to come, especially if they can rebuild a meaningful Training Division.
I’ve had a look at the numbers again around the dividend. If ASH...
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