The owners have talked about selling down for the right price. From memory, Fiona brown is selling down by not getting involved in the capital raisings. the selling down might help dicker data should liquidity jump above the asx200 cut off. Given how old stokes and buffet are id say succession is only worth worrying about if dick indicates an intention to quit.
Payout ratio is claimed as 100-110% but the high dividend reinvestment plan involvement reduces this payout towards 50%. The debt isn't going down because they keep investing in good quality growth. If you have the right tax structure this can be advantageous to you given the franking credits. Personally, I'd much rather keep the credits within dicker data and pay down the debt but I also like the intention of avoiding tying up a penny more of capital than needed.
DDR Price at posting:
$1.57 Sentiment: None Disclosure: Held
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