MRM mma offshore limited
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Argh got it. So you think they will choose the lower band of...

  1. Mightyatom
    3,147 Posts.
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    29/01/15
    13:52
    Post #: 14659624
    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
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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