In which econ is this elephant operating in? I was expecting slower performance going by KE Q4 econ stats and that Yu acquisition spend. All that spending and still maintain a healthy cashflow bucket! Minimal debt phase accelerating means FY 2015/16 this cashflow will pile up again boosting a bigger dividend pay.
DPS of 64cts is a 36% dividend hike putting the div yield at 3.65% @17.55. Price will be well supported on prices dip since @12 the div yield will be 5.33%.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!