Dont leave it in the bank
Quote:
Originally Posted by
digger
Actually i think there is room for everyone here.Make the dividend announcement in August about 6 or 7 cents and have a favourable reinvestment scheme going at the same time.Those that need the money take it and those that want a elephant will have a bigger stake in the company if the drill is successful. The biggest elephant in the current market is acquisation or just a holding stake in other companies,so giving too much money back to shareholders this year is not as wise as it was last year when opportunities were limited.
Agree an optional re-investment plan should please most shareholders.
A 10 cent dividend with imputation credits for a 12 month period is more than affordable-would cost nearly 40 million but leave 160 million in the bank .
Kupe will be on stream soon and with fixed price gas contracts negotiated during the peak oil prices last year there will be massive cash incone so no need to keep so much in reserve as we have now