WAA has over 9.0c per share of franking credits currently at their disposal compared to WAMs 7.0c.
When I pressed Geoff Wilson at yesterday's meeting regarding future dividends he indicated that if the market remained at the current level or slightly higher then the dividends for this financial year would be expected to total at least 8.0c with 9.0c per share quite likely.
There is plenty of time for them to accrue more franking credits & if the market does move higher then I suppose total dividends for the year of 10.0c may be possible.
If the market does rise there will be significantly more mergers & acquisition activity, which is in the pipeline but being held back until the market does improve. This will be of benefit to WAA as this is one of their most profitable areas of trading.
WAA Price at posting:
$1.01 Sentiment: LT Buy Disclosure: Held
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