I just don't see how it's possible, a 10c share dividend would cost $80m
The more likely scenario is a partial sale is confirmed
Cash at bank 31 December: $1.5bn
Payment 1 April: $900m USD (~$1.35bn AUD)
Stamp Duty: $280m ($3.2bn USD x 5.75%) I still need to figure out if this is 100% payable guess tomorrow will have more clues.
Total: shortfall of $120m minimum cash needed to be generated in March Quarter to break even.
Even if we generate this cash, which we will easily, (listening to the analyst call post the quarterly there is cash receipts that fell just outside December quarterly) max NET cash I forecast to be around ~ +$200m. If we were to pay a 10c divie this would leave us with ZERO working capital which simply won't happen.
More likely an elevated Q1 dividend to offset no divie now all things going well with the acquisition
Target $18.72, page-8110
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