share div most probably going to be 3.5c this is for 2 reasons
1 They said they are confident meaning if they change thier mind is gonan look real bad on them
2 I rang the company up they said the reason why they feel this is because they have already made provisions of this div and thus the downfall in EBIT does not affect what they have reserved to pay out to the public.
If things fail i still belive this will have a good long term outlook that may be worth jsut holding on for a few months till this is realised. This is because they have stated that all other sections have been performing adequatly if not well.
3.5c is a dam good yield yes some can argue if this goes ahead share price will go down by 3.5c but other can argue that 3.5 states the companies confidence.
anyway please mind my spelling i really dont have time to spell check and ppl will still get what i mean. i mostly deal with numbers and proly drink a tad too much being a student and uni and all, so please excuse the spelling
SSM Price at posting:
21.5¢ Sentiment: None Disclosure: Held
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