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jasonjeroo

1,155 Posts.

80

07/08/14

12:06

Post #: 13783292
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Originally posted by mattocks ↑

Macquaries have just released a report on the Energy sector and have a target of $10.50 per share on OSH with an Outperform rating , what was interesting was the comment of where dividends are heading.
They predict the divvy will stay the same for the balance of 2014 as the funds from the gas shipments are held in escrow by the bankers until final completion of the project , but mention a figure of 11.7 us cps from 2015

"Meanwhile, we expect the dividend to remain flat at 2 US cps for the half (although we estimate this could jump as high as 11.7 US cps in 1H15 following the release of escrow funds)." end of quote
OSH review of their operations and direction flagged for the end of this year should see where we are heading, but my bet is that bigger dividends will keep the PNG government happy.

Cheers Mattocks

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If that's the case then time to sell. That yield is terrible.

OSH Price at posting: $9.27 Sentiment: None Disclosure: Held
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