Thanks psi81
Nice summary
I bought before the dillution / expansion and ust recently doubled my holdings.
My thoughts are.
MTS's business is non discresionary spending, therefor it is essential shopping for me and you.
Its the smaller out of the IGA WOOLWORTHS COLES group so it has much potential and growth as far as marketshare is concerned. Our population is increasing steadily.
At 8% yield (fully franked) is equivalent to 11.4% in interest before tax.
If the dividend does drop it's is very high yielding.
At this current share price i think it's still hold / buy.
My only concern was higher payout in dividends to earnings per share. Perhaps management are confident about the 2nd half and beyond.
DYOR
improving, page-5
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Last
$3.59 |
Change
-0.005(0.14%) |
Mkt cap ! $3.924B | |||
| Open | High | Low | Value | Volume |
| $3.61 | $3.61 | $3.58 | $1.427M | 397.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 53600 | $3.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.59 | 44239 | 34 |
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| Last trade - 11.20am 20/08/2024 (20 minute delay) ? |
| MTS (ASX) Chart |