Gidday Bernie,
No franking credit was mentioned. Just a divi number mate. Yeah I agree, I can't see them paying out potentially 25% of their cash accumulated by July this year, back to shareholders in the form of a divi. Although could you imagine the interest that would bring to the stock!
Also, correction: Ocean Equities was the report author of July 2009.
breaking down the numbers, page-20
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