It explained the NTA
Dividend is no problem even with a lower NTA- they have the same cash in account. Theres 30m shares, at 20c = $6m. 80% are top 5 holders (I read somewhere need to verify). They choose DRP it on'y needs $1.2m to fund dividends. the first one is fine. Getting franking is a different matter. They would need to pay $1.8m tax. Mind you the main holders won't want a monster tax bill so who knows, maybe they will pay the tax.
The 2nd one depends on selling off JBFG assets to JBL. Thats up in the air. IF the NTA comes in reasonable, and they can slide out JBFG at profit, then that one will be FF and this share price absolutely pump on the yield basis. Of course, there are a few IFs aren't there, but the first dividend should be fine
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- Ann: Market Update - Preliminary Final Report
Ann: Market Update - Preliminary Final Report, page-186
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