Half year result guesses, page-21

When you look at previous divvies, except two covid induced halves, the probability is for greater payouts in the interim. Over the last 9 years the average is about about 17c per half.

We are on a PE of ~7 at $3.70. If it trading on a similar PE to the banks, say 10, the share price would be $4.80, which is above book value. Even a modest 5% divvy on $4.80 would be 24c.

Also, almost a quarter of the share register has been been bought back in the last few years, which means 25% extra per share before even increasing the total payed out.

Would be good to make up for the dividend restrictions during covid. Would a divvy 12c + 30c (special) seem overly optimistic? (There are less shares available and the co still seems undervalued – maybe more so when they announce the interim figures.)