They couldn't pay the last div because they made a big fat loss, due to some big writedowns. Now thats past, I'm fully expecting a div this half of at least 1.5c. I don't have a lot to base that on though, apart from past divs and gut.
To my limited knowledge...
Market Cap is roughly the same as cash backing at end of last FY. Since then they've been getting rid of debt and Looking longer term. They should be well in the black now I would think.
My sentiment is nearly Buy, but I just think I might be missing something?
They couldn't pay the last div because they made a big fat loss,...
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