Ann: Appendix 4E and 2018 Annual Report, page-57

i must admit, that's a very interesting 'take' on the FY19 forecasts! it's actually very logical.

but all the analysts/brokers seemed to have missed this important point.

that is reflected in the continual decline of the SP. OK- the divvy is only 80% franked but is still around 6% which translates to 8% grossed up!

ps- my only concern is solar panels on residential properties.they are being improved by the minute, prices are coming down, battery storage techniques are improving and the initial cost of converting a household to solar is very tempting. on top of that, you have government rebates on green energy alternatives.
as the price of electricity goes up as is inevitable, then solar will be even more cost effective, as you can sell excess back to the grid.

i guess it just comes back to trying to ascertain how far Ozland will sway to the looney Green agenda and keep demonizing coal power.
at the moment, i think the odds are 'stacked' way in favor of the Left.

cheers crazypunter