Agreed - The removal of the cash drain of US operations should sustain an upped divvy (potentially doubled?), whilst a portion of sale proceeds could be used to pay a special distribution (10c?). Last couple of days have looked good, especially in the absence of the buy back. This thing seems to be a bit leaky, so I'm feeling optimistic. $2.50 with a 15 cent per annum ongoing payout (6% yield before credits) would be quite nice....and very achievable.
EPW Price at posting:
$1.63 Sentiment: Hold Disclosure: Held
