I find it bemusing that ALK has reported a net profit in the last 7 years, reported a net profit for the half of about 4c/share, has accumulated cash (& "equivalents") of about 14c/ share, yet pays no dividend!
Even a 2c/share dividend will barely dent their accumulated $86mm cash.
I don't understand the reluctance to return some earnings back to their shareholders.
mutineer
Ann: Alkane Delivers Profit After Tax of A$24.7 Million, page-2
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53.0¢ |
Change
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Mkt cap ! $319.8M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 54.0¢ | 52.5¢ | $451.0K | 848.3K |
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| No. | Vol. | Price($) |
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| 3 | 57248 | 53.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 53.5¢ | 7350 | 1 |
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| ALK (ASX) Chart |