The board should look after the shareholders and to do this,...

The board should look after the shareholders and to do this, they need to use all the franking credits before our friends in the labour party decides to nullify them by changing the tax law. No point wasting $15m in franking credits.

The company can accumulate cash in the year coming. They have more than sufficient cash for current requirements.

I am sure that management and the board, as part of prudent management strategy, would have sought tax advice from one of the big 4 accounting firms and have a strategy worked out to maximize shareholder value.

A 3 cent dividend fully franked return on a 20 cent share sounds good to me.Gross return 21% for the half year. Hmmmmm.

DYOR