9% unfranked is at best a 6% return, at worst 5% depending on your tax rate. I can get 4.65% in a CBA goal saver account with zero risk.
I maintain the dividend payout is poor (your right, not terrible) considering the risks at play and the fact this is meant to be a dividend paying stock not a growth stock.
Apologies for any "dramatics" As a long term holder, well before Brad performed his hostile take over. I am just frustrated, frustrated by the lies from Brad, his salary and the SP performance. I appreciate ultimately we want the same thing. A stable ( or even growing SP ) and healthy regular dividends.
I am also frustrated at myself for being greedy, I could of exited at 32c or better recently. My finger hovered but i wanted more for staying in this dog for so long. A mistake.
JMS Price at posting:
15.5¢ Sentiment: None Disclosure: Held
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