I actually don’t mind the fact they suspended the dividend to pay back debt and build a cash war chest. However current cash and future cash flow means they can pay out some of the cash flow and confinue building cash. A 2c FF dividend per annum is about a 30- 35% pay out ratio of cash flow , and will only cost about 7m. For us shareholder it will be 2.8c grossed up or 13.3% grossed up. To highlight the ridiculousness of the strength of current balance sheet and future cash flow , assuming they had 20m free cash flow this CY , they could pay out by next July a FF dividend that grossed up is higher than the entire market cap of Prime
I actually don’t mind the fact they suspended the dividend to...
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