Stanmore called on to pay out dividend

Original article by Nick Evans
The Australian – Page: 16 : 15-Apr-20

Golden Investments has lifted its stake in Australian-listed Stanmore Coal to 51 per cent since launching a new takeover bid earlier in April. Stanmore has advised shareholders to take no action pending a recommendation from its board; however, Sandon Capital analyst Campbell Morgan expects the bid to succeed and argues that Stanmore should pay a special dividend of $0.28 per share to use its remaining franking credits. Golden Investments previously made a takeover bid for Stanmore in 2019.

CORPORATES
STANMORE COAL LIMITED – ASX SMR, GOLDEN INVESTMENTS (AUSTRALIA) PTE LTD, SANDON CAPITAL PTY LTD

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