So I am now a holder of a "CUP" of shares and I am trying to forecast a likely profit scenario or at the least open the discussion of such (all IMO only). Re-looking at the last announcement if the company was to have a "hypothetical" profit downgrade in the order of say around 32% or back to a net profit of around 9 million which would be comparable to the 2015/06 and indeed 2011/06 financial years and a dividend for the year taken at a rate of 45% of Net profit (the lower end of 40-70%) this would equate to full year dividend of $4.05million. Divide this by appox. 114 million shares equates to 3.55 cents per share or at least 1.5 cents per half. I may well be mistaken but I think this is pretty reasonable at the current price and with potential to be higher at a higher rate or bigger profit??
CUP Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
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