anyone still out there!, page-4

The year closed out with no major disasters, so I would expect earnings for the 2013 full year to be at the better end of the recent forecast range - say betw $6-7m. This gives earnings in the 2013 second half of around 2.5cps and based on briefing advice that payout ratio will be at top end of the 60-80% spectrum, I'm looking for a 2cps final dividend. That would put them on a 9.3% pa yield so would warrant a re-rating.

Share price has been pretty firm at 26-27c recently, so that if the more recent forecast earnings are confirmed, I think we could expect a nice little 15-25% surge.

Here's hoping

Regards

Westwind