Ann: Half Yearly Report and Accounts , page-4

Dividend of 5c is a slap in the face for shareholders. Management harp-on about it being a massive increase from last year and how 2008 div was also a big increase from previous year. So what? AJL have oodles of cash and a 10c interim and 12c final in September would have been what i feel is a fair reward to holders.
Mkt doesn't like the result either. One wonders where SP would be without the buyback. I do 100% agree with the buyback and hope the entire allocation is utilised. Should be focused on keeping SP above $3.oo. Once 5 day average moves below that..... it is very hard to restore.
Work has def slowed and is awaiting go ahead for LNG train in Gladstone. The huge cash reserves mean company is rock solid so i am holding and not selling at these reduced prices.