Last interim divided was paid on the 4th March of 2.3 cents. Therefore, if a dividend announcement is to be made it wont be until late Feb.
In the IPO the company stated a 60-70% payout ratio re NPATA. This is at the directors discretion.
Assuming NPATA is $10m (lower than the 10% drop anticipated), then a 60% payout would be nice.
Even half the dividend of last year of 1.15 cents per share is a 4.6% return.
Given there are retail funds invested in this stock, they should at least pay a dividend to keep them happy. Scrapping the dividend with a NPATA would result in further downward trend.
ASH Price at posting:
24.0¢ Sentiment: Hold Disclosure: Held
