By the way, I still think we may be surprised with a dividend soon, albeit a small one. Probably around 1.5c maybe 2c at the total cost to the company of no more than $8M. If NPAT of $48M in 08/09 becomes closer to $80-90M in 09/10, then the company has to return something to shareholders, notwithstanding the lumpy nature of payments. This would ignite the share price and would indicate management confidence about earnings going forward. Let's not panic about the small drop in the sp on low trading volumes. It only demonstrates the buyers are in a wait and see mode. Of course, the onus is on management to deliver.
ETC Price at posting:
38.5¢ Sentiment: ST Buy Disclosure: Held
