PGL - now the question is - what will the first divvie - be -

[partridge1]

Tis a great new year gift this R150m and given that I am too lazy to check out balance sheet debt and something tells me it was going to be a chunky dividend ( why on earth -do they not have any other ideas

in which to place the funds into ..? ) 

All makes me wonder what this divvie will amount to given the number of shares in issue  - which figure I know!?     

[SimonPB]

no debt and R150m is about 20c a share ? But moe likely they will spend it on something ..

[partridge1]

I recall them saying there will be a divvie. But like you I think its a waste of opportunity to pay it.   

[partridge1]

Besides what is the point of paying a divvie when in year 2 thereafter you have nothing to offer - this will always be a lumpy earnings situation as their indicated (?) intention seems to be we buy stuff develop it and then realize it.. so not a truck load of annuity income based on that approach.

[SimonPB]

that exactly what my understanding is of what they trying to do .. deal makers not operators