FWIW this business is in a capital intensive industry, competitive, structural headwinds for parts of it, and make acquisitions.
Given these characteristics I don't understand why they maintain a high dividend payout ratio.
IMO this is a recipe for longer term value destruction - all will be fine until aspects of the cycle turn against them and they will be forced to raise capital to lower debt at a much lower share price.
All speculation and my opinion, and might not happen for years. However I can't see any other long term outcome unless they change strategy.
FWIW this business is in a capital intensive industry,...
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Last
$1.95 |
Change
0.005(0.26%) |
Mkt cap ! $300.2M | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.96 | $1.94 | $484.3K | 249.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 6359 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 1251 | 2 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
$1.95 |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.94 | $1.95 | $1.94 | 25589 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| IGL (ASX) Chart |