Rubbish Latoka your numbers don't add up. Lets just say the 340m...

Rubbish Latoka your numbers don't add up. Lets just say the 340m at end of 2018 was split 50 50 for the year thats 170m cash net each 6 months so have cash for this current six months be only 136m which your numbers estimate. Furthermore the accounts show trade debtors owing some 65m in stock received but not paid for in addition to the 340. In addition to that A2 purchased a further 16m of Synlait shares which are also not shown in the cash on had. In effect cash on hand is understated by at least 40m. Sorry you are wrong. NPAT for the period July to August will be closer to 220. So you are being far too conservative. If your estimates about NPAT are right then they will have gone backwards, and we will all be in trouble. Yes I forgot the 161 for Synlait, so its 179 cash on hand after Synlait plus about 210 not 136 so that will be about 389 Then there is the 16m not spent on Synlait which should in effect increase NPAT as will the 65m owed A2 . Not enough for 366m but certainly enough more than 3 enough for 40cents (292m ) and at least 40 again in six months so the Synlait omission will only knock about 20cents off the possible full year dividend.