PRU 2.67% $2.69 perseus mining limited

Ann: Half Year Results Presentation, page-10

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  1. 321 Posts.
    lightbulb Created with Sketch. 64
    Definitely taking the piss on the divvy.

    unfranked divvies are crap. He would've been much better putting together a bigger buy-back. That way it delivers value to shareholders without the tax impact of divvies.

    and even better, if he finds an M&A opportunity, he can stop a BB at any point and re allocate the cash. Gives him the flexibility he likes

    very disappointing.
 
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