CGH 0.00% 11.5¢ calibre group limited

asx should issue a reverse speeding ticket, page-4

  1. 6,343 Posts.
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    The last 6 monthly dividend fully franked was 1.8 cents after account was taken of the erosion of business due to slowing coal and iron ore business.( previous ff dividend was 5.6 cents if I recall) Now even if we say get 2 x 1.5 cents dividend for 2014, 3 cents for the year, with 1.28 cents franking credit on that basis, total 4.28 cents, divide by SP of say 32 cents = a grossed up dividend yield of 13.4 which is damn good. They are diversifying the business model so far successfully so hopefully a full div payout of 3c per year maybe at the low end. I have topped up with some more yesterday, holding for long term.
    Also I fired off yesterday an email to the Company Secretary commenting on the SP decline and not so subtly hinting it might be time to give Mr Market a bit of re-assurance. Maybe the AGM will address this. Am surprised ASX has not queried, but then again historically, on balance, they mostly seem to target shares that rise in price rather than fall.
    I am sorely tempted to buy more at current prices, given the decline in price has been on small volume and a reasonable assumption on dividends makes the stock look tasty
 
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