Wr888 not sure how anyone can come up with that the amt received...

Wr888 not sure how anyone can come up with that the amt received is higher.
3.5c fully franked is equivalent to 5c unfranked (amt/(1-tax rate). last year it was 6c unfranked, so dividend this time around is less by 1 cent unfranked, or 0.7c franked....

Just had my citi analyst update come through from their analysis of yesterdays financials - downgrade from neutral (25 Jan 2017) to sell (now) price target dropped by 20% from $1.31 (25 January 2017) to $1.05 - not happy obviously - major comment was Earnings have received a double digit haircut for future years and Citi don't believe that the market is accurately pricing in this at the moment. My broker says they will be taken out of the ASX300 as well at the rebalance at end of March... which will have some impact as they wont be able to attract a lot of insto funds who don't have mandates to invest outside of the ASX300.

I also understand from a friend who is with Macquarie (but I haven't seen their report) that they have retained underperformed with target of $1.15 and that the loss was much greater than they had forecast.

Does anyone else have any updates from their brokers that they can share?