I'd be stunned if there was a special dividend in the next couple of years. Capex has risen significantly and with the new build in Thailand to commence, they have had to take on some short term debt. I see the DRP is back for the interim dividend to shore up cash.
Nonetheless, export growth is starting to please and there appears a renewed focus locally - with several new store openings. Around this time next year with normalised tax, more stores and the new national warehouse in Melbourne running smoothly, I'll be expecting solid comps on this result released today.
I'd be stunned if there was a special dividend in the next...
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