I think my calculation is right the didvidend amount totals $61M - right ? So what is the payout ratio ? Is that leaving enough for interest and paying back the loans ? It would be fine if all things go in NIC favour. In fact it dividends should increase if road gets built, power plants power as efficiently as they should and mines continue to produce.
I am not sure how the calculation of pay out ratio works. What was the 6 month profit ? Is it after tax I assume so ? Anyone know and care to inform us ? Woodsie and others clearly state 70% of earnings ......
I do think this story is going to get very good. It might be a year or it might be two but $3 + share price and dividends of $0.8c + are possible
NIC Price at posting:
82.5¢ Sentiment: Buy Disclosure: Held
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