Personally for me any dividends is a bonus but if they managed to pull through previously with 1.4 cents compared to cnp which used the money to service debt then its possible we might see some form of a dividend this financial year.I have a longer term view on cer (5years-7years) and i'm more concerned about cer fixing up the current mess associated with super llc and improving on their gearing by acceptable asset sales (i.e. Not fire sale prices) in the not to distant future.But i feel comfortable with their current position compared to n.t.a. huge discount on sp, thus enabling me to capitalize on a oversold,well undervalued stock.
Cheers..
CER Price at posting:
9.0¢ Sentiment: LT Buy Disclosure: Held
