BPH - PEP11 is back and this time it's different, page-727

Look, I know this is COMPLETELY off the current conversation.

But I saw someone mention dividends in the future a few days ago??? I was occupied at that moment in time I saw it but just came across my mind.

Although it might not always happen this way, dividends don't actually affect the intrinsic value of shares. As you either put the profits into growth + new projects, or you put the profits into dividends (or 50% 50% or any other percentages the sum of 100%).

As they are mutually exclusive, we can't have all profits put to growth, aswell as having dividends alongside it.

This conversation might be as close to us as within the next 12 months (best case scenario), but it was something I had to point out.

I would prefer it to focus on growth for the next few years and establish an immense market position. Get our MC comparable to FMG and then look at divs.

This is a fair way off but a man can only dream????