Although the company may be confident of paying the dividend early, there are issues that need government approval (incl. FIRB), and this approval cannot be applied for until after the sale is approved at the vote.
So some things are out of the company's hands.
In addition, EXS did previously mention that they may need to break up the payments and make later payments as franking credits became available.
Lionel has also mentioned the time taken for a tax review.
I don't think it is completely clear-cut at this stage.
If company were able to be more precise regarding early payment one would think they would have advised us in the last announcement, but to the contrary, they extended the date to October 31st ...and EVEN then with a proviso.
I agree with Hermie that assertions without reference or backup don't not contribute to informed debate.
Cheers,
John S.
EXS Price at posting:
64.5¢ Sentiment: LT Buy Disclosure: Held
