I am disappointed there is no dividend considering their franking credit position, NPAT at the high end of expectations and the outlook for the next 6 months. They did state the directors had a discussion on possibly paying a dividend but believed it was in the interest of the company not to do so. Actually the company is the shareholders and in the interest of shareholders I think not. As you say the metrics are very positive so will not be selling. Hopefully there is some pointed question at the teleconference - there is still an opportunity to pay a special dividend. I think we should be looking at some board changes, some new blood, the old guard has taken us downhill over the last few years with little to no vision for the company going forward.
PRT Price at posting:
24.5¢ Sentiment: Hold Disclosure: Held
