Madam The point I was making was that CYB needs to pay a good...

Madam

The point I was making was that CYB needs to pay a good dividend to ensure LT growth in its SP. In other words CYB in the absence of a dividend wont make the grade.

I do realise that the stock has made solid gains in the last few months. This may be in anticipation of future dividends and expected capital gains.

I do agree that franking is meaningless to European funds investing in this stock.


Stackey