I am optimistic that the EGN Board re-establishes interim dividend policy at forthcoming AGM and they then declare interim dividend next Feb 2019 of at least $0.01 per share as the Outlook statement + Board comments seem to support positive trend in cash generation and profits. The interim dividend in FY19 may be $3.4m (based on $0.00 being declared and potentially payout in March / April 2019. This interim dividend plus FY19 Sustaining Capex and maybe some Growth Capex can easily be accommodated in light of current cash reserves, cash generation/ trading in current year and the headroom in undrawn senior debt facilities.
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I am optimistic that the EGN Board re-establishes interim...
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