I agree Taddy. This is only the beginning.
I was expecting a much higher div but it is fully franked so equivalent to about 16 cents gross. They have a heap of cash in the bank and zero debt and, as they say, they are gearing up for growth so look to be keeping the cash for inventory and debtors.
These guys are super conservative since they had a near death experience in 2008 so they want to ensure that they can self fund their growth. Great.
Hoping that the final div will be bigger still.
Also agree that their brands are everywhere and all growing globally.
happy to take the div and hold on for the ride. Can’t see the SP staying below $10 for long, especially if any brokers start coverage.
I agree Taddy. This is only the beginning.I was expecting a much...
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