Dividend, page-20

Seems that the overwhelming view is that the dividend will be cut as, by all reports, that’s what all the analysts are writing.

So it would seem logical that a dividend cut it is already priced in.

I do not have access to too many analyst reports but I see that Morningstar Premium is expecting a dividend cut to 15c for 06/18 and 16c for 06/19. Despite this though, they have a price target of $4.40!! I note that Goldman Sachs also has a neutral rating with a target of $3.60 (both according to ComSec).

In the interests of full disclosure perhaps those with access to analyst reports that predict dividend cuts could also disclose the relevant price targets so we can be more fully informed. 

I would suggest that the share price will be driven by commentary going forward rather than by a cut to the dividend that already seems to be priced in. I would further suggest that, if the dividend is maintained and there is no new negative commentary, then a significant re-rating of the share price is not out of the question.