Originally Posted by
Roger
Big demand coming from overseas mate...have you checked the dividend yield of other regional carriers including Qantas and Virgin ? If you did you wouldn't be surprised at the demand from yield starved offshore investors.
Notice that as soon as they've announced the 10 cent divvy, confirmed the mid point of guidance, (yes Winner I think they are playing this ultra conservatively) and pointed out capex is soon to fall off the edge of a cliff everyone's now thinking they can sustain their 20 cents annual dividends, (something I was at pains to highlight at quite some length many months ago). Where else do you get a sustainable 8.33% fully imputed (11.6% gross) divvy yield in the airline industry ?... and that with a 10 cent divvy in five minutes time so to speak !