Originally Posted by
Roger
I also want to continue to evolve the debate about dividends. When you get a convergance of the 3 main assets plays all bearing fruit, or hopefully about to do so in the case of PRC, it makes sense to me that shareholders share in the reward to a fair level, I would suggest a payout ratio of not less than 50% going forward.
Surely seeing as they appear to have rejected every other investment / almagamation / merger / takeover opportunity out there, perhaps their greatest opportunity, the one that would add the most net value per share is an on-market buy-back of their own shares which is staring at them right in the face. Sometimes the thing that would add most value to shareholders is the most obvious but perhaps they can't see the wood for the trees ?