Have a look asx release of 14-7-2022. pg 35. whole preso looks to be ghostwritten by the major holders but i'm not complaining. slide on pg 35 specifically mentions 1. head office is on the market 2. combined prop porfolio is worth after sales costs/tax 69-76cps...and intention is to pay a ff dividend. AFTER assessing capital & debt requirements. based on my read of financials, zero allowance needs to be made for debt and very little for capital requirement as rent paid from current earnings - they have stated this. being conservative allow 6cps for capital requirements based on upper range of sale for prop portfilio 76cps - 6cps = next ff div 70 cps. what is your read on the balance sheet in terms of capital/debt requirements moreover the commercial prop market. Would like to know what the strategy is once HQ is sold, and timeline on other property sales.
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- Ann: Strategic Review Update -14 July 2022
Have a look asx release of 14-7-2022. pg 35. whole preso looks...
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