Where would i be without you moosie!
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I am still going for 1.5 cents. Since it is an interim, not a final. Plus its the first 'ordinary' dividend. They will be prudent, yet at the same time try to grow the dividend. In a prudent manner of course!
The chairman,Bruce Irvine did add that they were looking at a number of opportunities.We have heard no more.However, should they have something in mind/close that may influence whether/or how much they pay in dividends.What I am looking to with this interim announcement, is on the progress made to make the business more profitable,progress made on troublesome property portfolio,and growth being achieved.They have laid the sound foundations,so now they should be getting on with it.I really do expect they will pay a divie,but not concerned how much it is,it is the state of the business and future prospects that is most important to me. future.
And being a new bank I am sure they are well aware that the authorities will be watching them closely. I pick a conservative dividend that retains capital for growth and stability.
Given it is an interim, I would prefer a smaller dividend. That will give them a bit more time before the final dividend to see where things are going now they are a 'bank'.
However, they may want to go straight into being a dividend stock in which case paying a slowing increasing interim and final dividend might be their plan.
the fact they paid a dividend before Christmas suggests the board are keen to get a cash return back to shareholders. I think they will pay something this time but not a lot.
Come on guys, 1.5c divie is only 6 mill, they could easily repeat that and still have an improved cash position, particularly if they are continuing to grow like they have been!
hey guys, sorry that i m being lazy, but whens the payout for the divi date?
Niiiice back to 74cents , big mountain ofsellers @ 75
Hey Moosie if you could pick up that 398,000 at 75 there's not much after that. That would be really meaningful trading. You would be a legend.
Sellers keeping their heads down alright.
Depends what you want them for.