Hey hotfire, thats what it looks like from my quick calcs.
They are only paying out 60-70% of CORE earnings, which is a good policy in itself. Core earnings = 14.18 cents Check out my calc above, it translates to a worst case of 4.254 cents per share for this half.
If so its a DAMN attractive yield. 20% dividend for a half year on a company that's booking 100m profit after tax and improving their gearing position through an ongoing asset sale program.
SO What is the catch?!?!
Could some of the long term investors in MCW fill me in here.
MCW Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
