Not at the current share price. If it were down at 15 cents then...

Not at the current share price. If it were down at 15 cents then the yield would probably support a dividend. At 50 cents a share company owned needs to be making a profit to support a dividend but it's not a consistent earner so unless / until it is, there won't be a consistent dividend. Unless you want to see them borrow to pay one in lean times, which is pretty stupid IMO.

I'd prefer they keep all earnings and use the cash to expand and buy good agents as this market gets progressively worse and others hit the wall. The Aqualand money is a game changer in that respect.

The catalyst for a rally - AU1 going under & the Top Level East Coast acquisition falling through. Plus stabilisation in company sales. I think company sales have dropped off over the past 2 months however they definitely had a strong Jan - April quarter.