Post by
Infirstmoney on Jun 23, 2015 1:16pm
Could be looking at a 8 percent dividend here!
Announcement at these levels would provide a great entry point. Rough back of envelope guess would have it at 7.87 %based on cash coming in and a 40 cent share price. This would be around a 52.5 % payout ratio. Of course company will provide more accurate numbers.
Comment by
Infirstmoney on Jun 23, 2015 1:19pm
Based on expected cash flow and a more modest divvy level, share price should trade closer to 65 cents. What a great upside from these levels. One more deal before the divvy news could lift stock closer to 75 cents! Nice!!
Comment by
freedom-1970 on Jun 23, 2015 1:22pm
With oil climbing slowly I would bet your almost Bag On ! Usually it's around 50 % payout on cash flow for Royalties this size, giving us the cash to close another deal . These boys have the connections and knowledge to create us awesome NAV value..
Comment by
freedom-1970 on Jun 23, 2015 2:54pm
Nice support bids working the tape today as we move closer to July , should be a nice jump when we hear the ex divy date ..