the good - revenue and NPAT all as good as expected
the bad - with only 30m in debt (with 3 year term) why focus on debt reduction. If we assume the 2nd half will mirror the first then roughly 200m revenue the debt is only 15%!!!
the ugly - .75 of a cent div?! what is that there is more than 20m sitting on the balance sheet in retained earnings and they say strong cash flow, then why not pay a respectable div say 5 cents (or 6 - 7 times the pathetic div declared)
I am not expecting to get any joy out of this one
OKN Price at posting:
70.0¢ Sentiment: Sell Disclosure: Held
