"Where's the benefit", page-36

Just playing out a couple of possible scenarios, the first in the list being "now" (I know it's just dropped but we've been over $4 for a while now

	Column 1	Column 2	Column 3	Column 4
0	S PRICE	DIVIDEND INCL FRANKING CR	DIVIDEND NOT INCL. FRANKING CRE	YIELD INCL FRANKING CREDIT
1	$  4.00	$0.45		11.25%
2	$  3.70	$0.32	$0.22	8.51%
3	$  3.50	$0.32	$0.22	9.00%
4	$  3.00	$0.32	$0.22	10.50%

If it drops to $3 the yield is not much less than now (for new shares bought of course

For share bought earlier, let's say:

	Column 1	Column 2	Column 3	Column 4
0	S PRICE	DIVIDEND INCL FRANKING CR	DIVIDEND NOT INCL. FRANKING CRE	YIELD INCL FRANKING CREDIT
1	$   4.00	$0.32		8.00%

To me, it epends on what we think the future for the company is because even with the drop in dividend, the return by way of dividend is still pretty decent.

Now, do I know / think I know what the future holds for the company, unfortunately not...