The current price of $3.26 is staying below it's SMA lines, looks rather weak and it may likely continue to trend lower!
Short term wise, I think it may go down to retest $3.20 level.
Breaking down this level + high volume that may likely see the price slide further down towards 3.09 then 3.00 level.
The management has made announcement in FY2017 that they would continue to payout 17.5 cents of dividend for 2 financial years.
17.5 cents dividend will revert back to 60-75% payout base on Underlying net profit in Y2020.
1 Qtr 2019 net profit of $541.1m. Let's say whole year Total net profit of $2.165m. 0.6 x $2.165m/ 16.329m shares = 8 cents dividend. If 0.75 x $2.165m / 16.329m = 10 cents dividend. Looks like dividend will likely be cut .
Pls dyodd.
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