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54.5¢ slater & gordon limited

My apologies Mel. I should have read that closely before I...

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Ausbert

1,139 Posts.

208

03/05/16

00:24

Post #: 17658051
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Originally posted by Melrosian ↑

Ausbert

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

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My apologies Mel. I should have read that closely before I posted the message. By the way, thank you so much for your informative posts.

SGH Price at posting: 59.0¢ Sentiment: Buy Disclosure: Held
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