Hate to correct you about what I said. I said that at 30cents price a return to previous divy would be 48% return.
I dont see all debt being paid down and although $250M debt patdown tin 14 monhs to june 17 - after 15% case reduction the debt paydown will slow , I see $250M debt in 2020. Its guesswork.
50 cents divy unlikely anytime in 4 years. If EPS grows to 70-80 cents than I can see a third of that in divy .
In 4-5 years I want to rely on divies for most of my income and 33% of my current holding is likely to be in there.
Someone is going to have to explain "Franked income" to a ( 75%) foreigner like me.
Mel
SGH Price at posting:
59.0¢ Sentiment: Buy Disclosure: Held
