At 11:27 AM 11/2/01 +1100, John Haddy wrote:
>8c dividend on a share price of $4.35 = about a 2% return on
>your investment (assuming no growth). At this rate I'd be
>wanting to see at least 3% growth per annum (for a 5% net return).

Expected net return on a stock includes the expected capital gain. 2% 
dividend is good, assuming that earnings are higher and that earnings are 
being invested back in the company. If this is being done correctly, 
investment in the company makes the stock worth more, all other things 
being equal. This is why the number one figure to consider in determining 
the value of a stock is the price/earnings ratio, not the price/dividend 
ratio. A company may have no dividend at all and have a good P/E ratio.

It appears that Altium, financially, is quite healthy.

[EMAIL PROTECTED]
Abdulrahman Lomax
Easthampton, Massachusetts USA


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