Considering that the changes are all non cash you'd expect the dividend payout to be maintained & paid on an underlying basis excluding the adjustments.
PNC are very likely to go to great lengths to show what the PAT performance would have been without the retrospective adjustments & for comparative purposes going forward.
Paying the dividend on an underlying basis would enforce this.
There will clearly be a strategy to show these are one off adjustments that haven't changed the fundamentals of the business & that the cash receipts won't change.
The share price will take a significant hit & take a long time to put this behind it.
Considering that the changes are all non cash you'd expect the...
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48.0¢ |
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Mkt cap ! $67.38M | |||
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| PNC (ASX) Chart |