A sniff test shows the results are alarming, and there is little margin for error moving fwd. for those divi investors.
How is a 50% fall in profit "ok but not great".... From 12m profit to 6m profit. And ~4.7m goes to divi, so left 1.3m cash. A 78% payout ratio.
If the downward trend continues, and it goes down to 3m profit or 0 profit (not impossible historically), you will know where the SP lies and how sustainable is this "sweet yield",
DYOR and GL!
CAA Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
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