RE:RE:Dividend yieldMe too.
It looks to me like they can do about $150 million a quarter in FFO in Q3 and Q4 - ie about $300 million in H2.
Making some assumptions.
Assume Capex is increased from $45 million to $150 million in H2 (thats a generous increase)
That leaves about $150 million in free FFO in H2.
If they paid out $82 million in dividends - that would leave about $68 million for corporate purposes (working capital, buying back debt, remediation, performance bonuses etc - ie plenty).
$82 million in dividends in H2 would be equivalent to a $2 annualized dividend.
Apply the same market based dividend yield as CJ is getting right now, and you get a share price in the low $30's (just like that!)
CJ hasn't even paid a dividend yet, they just declared one.
I'm excited too.
2 1/2 weeks ago, OBE stated they would update on their refinance within 5 weeks (ie within 2 1/2 weeks from today)
That refinancing is all that is stopping OBE from declaring a dividend of its own.
It follows that OBE could declare a dividend within a few weeks that would tripple the share price.
Enough to make short sellers nervous.