I can't see why they wouldn't?
$60MM NPAT last year.
90m in cash and in investments as at March 2013.
Then add Beibu Gulf with expected upside of another $60MM revenue (or more?)
Then consider revenues are in USD so another 10% on the currency play.
So plenty of free capital to funds dividends. And wouldn't they make it an even stronger proposition for an insto/Super Funds to add this to their portfolio, particularly in light of the low interest rate environment.
In fact, i understand from what I've read at the AGM that this is something they are focused on over the next few months.
On another note, I can't understand for the life of me why this stock is priced at only a PE of 5 based on last years revenue, let alone 4 with currency play and Beibu.... anyone?
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