So looks like 100% of profits plus about 200k from the 18.6M in cash will be used to pay half year dividend.
So.......the big question I suppose, is how long will they continue using up their cash to top up dividend payments. Unless they need the money for expansion or moving into other areas the cash on hand will easily see them through the current downturn in my opinion. One of the great benefits of being debt free.
Any thoughts?
Ann: 2016 Half Year Results-Investor Presentation, page-2
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