Well we only get 4c this half compared with 10c previously. That equates to 4.3% pa + franking Credits.
Reading the CEO report everything is rosey for the future. If that is the case why would they not keep the dividend at 10c (Cost only $750K approx extra) installing confidence in the Shareholders.
I have always supported the company but one must now question are things that rosey????
By keeping the Dividend at 10c the extra cost would have generated $5/10M in Shareholder Confidence for only a modest $750K outlay, by the way they could have afforded it.
Talk is cheap and some Management talk cheap. Those that are genuine are prepared to support what they say, but CAB do not appear to be that committed, again puting questions on the CEO confidence.
I will be holding till the end of March but will be more than happy to get out at my $1.90 buy in price beforehand.
Good Luck All - NO CONFIDENCE HERE NOW.
CAB Price at posting:
$1.85 Sentiment: None Disclosure: Held
