I'm wondering whether they'll be tempted to declare a distribution this period. I believe SCG is planning a distribution for this half.
I'd be inclined to leave the valuation alone for the time being but if CDP cashflow is strong will they use it all for debt or return a little to shareholders? With the future seemingly a little brighter might we expect an 8 or 10 cent dividend? I'm not particularly fussed either way although I expect it would be positive for the share price.
What does everyone else think?
CDP Price at posting:
$4.35 Sentiment: Hold Disclosure: Held
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