I know I've said this before, but SEV is dirt cheap at these levels. It's been paying a 34cps dividend, so at the current SP, this is a fully franked 6.5% (9.5% including franking credits). With its big pile of cash (even after the CMJ investment), its dividends are very safe.
To think that a year and a half ago, people were paying more than $14.50 for a piece of the same pie...
I know I've said this before, but SEV is dirt cheap at these...
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