I took 9.28cps as being FY10 cashflow - less 5.45cps in first half... except small typo on the calculator, so should be 3.83cps in second half.
Although "australian costs" didn't get a mention in the first half, so perhaps the figures weren't apples-with-apples?
Agree with you that distribution may be sustainable, but a bit of debt reduction might not hurt in the meantime - if the shareprice wasn't responding to a potential 20% yield, then it probably wouldn't make too much difference to drop the yield to 15%...
AJA Price at posting:
$3.75 Sentiment: None Disclosure: Not Held
