yep they are guaranteeing at least the same yield of 18.5c fully...

yep they are guaranteeing at least the same yield of 18.5c fully franked which is around 7% grossed up to around 10%.

and they are hinting that final divi will probably be a little higher than that, although not committing entirely which is fair enough and normal practise.

and they are guidance to 10% eps growth plus further growth in coming years with a solid pipeline.

this small cap is a classic example of a solid growth plus yield play that delivers wonderful shareholder returns but it cant be tapped into by etf’s or managed funds because it is too small and illiquid for them.

all the better for us retail investors . reminds me of cwp that has done well for me in the past, and bfg which is doing great guns for me right now. its nice that we can have some structural strategic advantages in the small cap space over the big funds, because they shaft us with their superior resources and inside knowledge and sp manipulation/ bot trading etc in the mid cap space.

i recently trimmed my vlw holdings at 2.85-2.90 a few months back so ill look to hold vlw unless it hits 3.00 again at which point i might sell some of the shares picked up at 2.20-2.20 a year ago.

only risk i see here is the leverage ratio increasing to increase roc at a time when the property market could fall, but lets face it there wont be any property market crash while the rba refuses to raise rates and unemployment renains low, so we are safe for the next 12mo.