COE 0.00% 21.5¢ cooper energy limited

cooper on sale at 5 cents above cash, page-14

  1. 13,963 Posts.
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    Recooperating,

    "I'm a bit disappointed about maintaining the no dividend policy however with 21 million in its franking account."

    Ironically one of the few appealing things COE could do for IPM holders is to attach franking credits to the divi's.

    But alas MS has confirmed the cash shall never be seen by shareholders, is reserved for salaries and ego feeding schemes of hubris.

    COE whilst looking like it had potential has become afflicted by ASX oiler syndrome. First three sign were the capital raising, the MOS dud investment and the salary rort.

    EL
 
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