Generally not worth getting unhappy about this end of the market during a period of uncertainty. The good thing as I see it is that they seem to be going well.
Personally, I have no idea what Scott Beeton does given that the underlying businesses all have their own management teams. Really its a Financial sector business - All the MDs/CEO's of the underlying businesses should, in fact, be able to understand the tasks and evaluate so a separate CEO seems a waste to me.
I am hoping this will pay another 0.5c at the half year. Really that's one way to keep the shareholders happy. They cannot do anything to promote the share price but assuming they would be aking around 3c this next year then paying 33% out does help keep us all quiet. That's a grossed up yield of 4.7% and that's a good way to underpin the price. I always look at around 4% grossed up as my mark for being happy to wait for something to unfold. That supports a price around 36c.
SEQ Price at posting:
30.0¢ Sentiment: None Disclosure: Held
