Banter and general comments, page-13905

From my reading Macquarie's report says "0.8 cents" not 80 cents or $0.80.

That said, FWIW in my view we will see much larger divvies than Macquarie have predicted. As I've mentioned before, the CXO story reminds me of FMG in the early days, except we have $0 debt. Many investments banks gave FMG little respect and low balled share price and dividend targets for years. Yet FMG dividends have grown steadily over time from 3 cents per share in the early days to over $2 per share over the last couple of years. The recent dividends sit at multiples to the entry price of many early investors, many of whom are sitting on gains of +200,000% in capital growth alone over 18-20 years. Shows the value of holding long and holding strong in the right companies and ignoring the noise of investment banks/ brokers who prey on short term volatility and thinking. IMO DYOR.