Argh got it. So you think they will choose the lower band of dividend payout policy that is 40%. Then we have $55m (1- 30% tax) = $38.5m*40% payout = 1/2 yr dividend $15.4m
$15.4/369 = 4c per share = 5% of today's 80c price equivalent of 7% grossed up (franking depending on overseas earning from Jaya)
The 40% payout will enable greater pay down of debt. Agree with that.
MRM Price at posting:
81.7¢ Sentiment: Buy Disclosure: Held
