RE: Kick back and relax7 Jan 2022 10:43
A lot of talk about a divi. Surely the asset sale is the crystalising event? That will cause a rerate. How much they intend to pay out is somewhat moot (baring tax purposes).
It doesn't really matter if its 10%, 20% or 95%, the driver will be what it's a % of.
As has been mentioned, if they intend to retain 20%, and we're selling a material chunk of the business, one would expect the 20% retained to be substantial enough to keep the business going. Henxe the 100% should be significant in size, assuming that the dividend policy will apply to the incime from any asset sale