today, page-5

PE now at 6.1....$5M profit gives .0617 EPS. Declared payout 50 - 70% ie 60% then 3.7 Cents per share...ie yield possible franked of 10%. With the capital return of $9.5M from Westpac payout why would that be given back as a special dividend ? Guess though they could keep it for capital and pay out 100% EPS instead in 09/10 year. Anyway it's worth 11.7 cents a share if they do a capital return. Can you tell me what revenue flows will replace the Westpac contract ?
So add the 11.7cents and the 3.7 cents gives you 15.4 cents return....41% return on captital in 12 months at 37 cents.