I m letting the spreadsheet do its thing, definetly counting D&A wrong, but I'm getting there.... lol.
take a look at FY19, good indication.
even with better C1 & 81% realisation, not 75% , our dividend was only $1.14 for the full year
(8% less sold IO though)
https://www.fmgl.com.au/docs/default-source/annual-reporting-suite/fy19-annual-report.pdf
.
I m letting the spreadsheet do its thing, definetly counting D&A...
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