REH moat, page-106

My PB ratio for 2017 is 0.83, can you elaborate how you got yours? Dividend yields is 10.3% not including franking credit!. Assumed they split the stocks into 5 so they will have 498,000,000 shares on issue from 99,600,000, if they declared the same amount of dividend of $99,600,000 as last year then the dividend is become 20 cents per shares. but the share price also will become $1.94 after stock split so it's the same 10.3%. Unless they will declare less amount of dividend as last year then it will be 2%. Am i missing something?