Record 2 nd quarter coming without any doubt. With the June results reported July 18, this confirms to be we are to report record earning, cash position.
Our june 30 quarter was fantastic.
We reported Net surplus of cash of 9.7 million after 6 million of capital expenditures.
Previous cash surplus was 1.7
CAsh went up by approx 8 with 6 million cap. Last month cap 1.7
So the way I see it is we had month of cash surplus approx 15 million.
Buy now for announcement of Dividend increase,share buyback.
Future- If we were to average 7 million per month =84 million
30% of free cash flow for dividends would equal 24 million.
Comments requested.