But if your cash profits increase 25% YOY there really should be...

But if your cash profits increase 25% YOY there really should be scope or ability to both pay down debt and up the dividend (and by that I mean a small uptick, 3.2c let's say).

Like it or not this thing has been in a fair downtrend since the ~$2.20 highs in September 2014. Highs a bit lower each time. If cash-flow is OK then the Board should be looking at bucking the trend.

But this is largely moot as the target must be met first, so a discussion for a year from now.