The recent update states that the current div is expected to be maintained presumably at least till after this years final. What happens after that will of course depend on performance. Interesting to see if there will be any franking credits. Can anyone throw some light on that issue???
IMHO there has been a massive over reaction to the downgrade which is starting to be recognised by the market increase in the SP.
Yes Aus in 2017 is going to take a hit but the US is expected to do really well.
Personally I think the company can maintain current div levels but at worst a small fall to say 5 per half year.
At $1 I can hack a 10% return whilst they balance the ship.
Again IMHO those who are investing now will reap very strong reward over the coming years. Strong div and capital growth!!
Good luck to all holders.
EPW Price at posting:
90.5¢ Sentiment: Buy Disclosure: Held
