Based on their NPAT of 13.7m and ~126m shares earnings ~10.9c....

Based on their NPAT of 13.7m and ~126m shares earnings ~10.9c. Their dividend policy is paying out 60-80% however, as they are forecasting 2nd half NPAT of 18-20m you would hope they reward shareholders with an 80% ratio (factor in no debt). The market may also be waiting for an updated forecast with the continuing change in the macro environment. I think 18-20m is optimistic. Even if they repeat the first half that’s still earnings of 27.4m or 21.8c for the full year. 60-80% payout ratio 12-16c FY.