I agree . I would prefer to solid dividend as opposed to a buy back and let them accumulate the rest for future growth . Having a lot of cash not only derisks are investment but also provides flexibility for future growth . At this level we are at 7.5% divi assuming one buys at 27 . That is attractive in itself . Many examples of companies doing big buy backs only to see SP fall and them left with low cash balance ( ozl one exAmple that comes to mind
I think a 2.5 c divi is also not out of the question
breaking out , page-14
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.8¢ | 23.0¢ | $388.3K | 1.673M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 650756 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 105687 | 4 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |