"Smaller rival BC Iron (BCI) also disappointed brokers with a lower than expected dividend payout ratio and lowered forward dividend guidance; this despite a relatively strong balance sheet with cash of $196.7M and debt of $65.6M as of the most recent quarter. This appears to have overshadowed what was otherwise an impressive report......"
Based on the 30c final 2013 dividend, a lot of shareholders expected a continuation of a strong dividend policy.
In my opinion:
Anyone expecting a 30c dividend was dreaming.
25c would have been very welcomed.
20c would have been acceptable.
17c was disappointing.
20c would have cost a measly $3.7m extra.
I trust the board intends putting the $3.7m to good use.
bci and io analysis, page-2
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Last
25.5¢ |
Change
-0.005(1.92%) |
Mkt cap ! $735.5M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 25.0¢ | $91.11K | 354.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 200997 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 185944 | 4 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| BCI (ASX) Chart |