Huntley Report is forecasting dividend 16c a share for the whole year due to increased number of shares on issue after recent capital raising, that could mean 8cents interim and 8 cents final.
Certainly the reports Transfield sends to ASX are positive IMO. Renewing the long term service contracts means income flowing to Transfield.
Also J.P.Morgan Group became a substantial shareholder on Thursday. They are buying for their investment funds. They must be counting on a decent dividend and some growth IMO.
Brian
TSE Price at posting:
$1.94 Sentiment: LT Buy Disclosure: Not Held
