Boring. But I think WOW. Cutting dividends, biting the bullet on Masters, and a new CEO with a proven track record. This company has to much potential to be sold off for too long. This might be where the line in the sand is drawn, and WOW starts consolidating and rebuilding their brand, image...
The imputation system encourages Australian share ownership, so corporations need to keep meeting the demand for high yield, especially in this low interest rate environment. Other nations dont have our tax friendly dividend system, so investors dont demand high yield for share ownership...
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