THE COMPANY has stated they will only pay the dist out of cash reserves, and l figure that will be equal to about 3.5 cents pa at current income. even if they pay that out in full its not a high enough yield to push the sp up by much. with lower debt they are more secure, but with so many shares on issue the income is spread a long way! it appears from latest ann. that car vol increase is leveling off to a 6% pa growth figure. unless they can reduce costs there is not a big upside in income coming, but a t/o possibility is holding the sp up. it should get to 60c next year but doubt it will make $1 unless there is t/o hype.
CEU Price at posting:
44.5¢ Sentiment: None Disclosure: Held
