drp

Great to see the company introduce a drp, and obviously they seek to have it in place for the upcoming 1 cent interim dividend. With 68% of register in only 2 shareholders (Theo and WSP) it gives the company an opportunity to have a decent payout ratio (fully franked) whilst also to retain earnings for accelerated debt repayment. Subject to the half year results and hopefully announcement of a dividend policy, we could see this stock well into the 20's cent range but maybe not yet 30 cents. Owes me more so love it to prove me wrong on the upside!