Share price, page-41

I can't see them writing down goodwill and licences much further as after last years impairment of 122m that only leaves 74 odd million left on the books. Things may not be chugging along on all cylinders at the moment but I don't think the licences can be completely worthless.

As for the dividend, the company hasn't made an announcement to say they they can't meet guidance so the worse case scenario is 10% below guidance - still over 13m which equates to an EPS of 3.5 cents. Not a bad return on a stock trading at under 30 cents!!!! (See link below for asx listing rules re earnings guidance).

I also hope that the dividend payout ratio isn't changed from the current 50:50 but at the end of the day reducing debt isn't all bad and can only strengthen the company for what ever the future holds. Maybe one day the Pollies in Canberra may get their act together but I'm not holding my breath!! I also don't think they will want to break their long standing record of paying out a dividend like clockwork every six months. I'm sure we'll all find out on Thursday but I'm feeling fairly confident for a slight improvement on last years numbers.

http://www.asx.com.au/documents/about/guidance-note-8-clean-copy.pdf