Melbourne AGM Meeting, page-60

Some retailers use an aggressive plan....we will be conservative....we want to have a good cash balance..

sounds like the 30m Cash held is REAL ..right ?

and the Board love keeping it as a back up for safety Right ?

This way SBB we will never need to do a desperate CR from shareholders to grow further .

so we should feel comfortable to hold for many years to come with that sort of Cushion on our backs .
Any dividend will probably come from 25% of EPS and not the Cash Stash .. 75% of which at some stage will also start to add to the Cash pile too ...as store growth and Reno write offs taper down .