You're 100% right
The pressure is going to build on mgmt to do something as it did last year, hence the dividend. Whilst there is a high level plan to allocate surplus funds its lacking in execution. We quite clearly have surplus funds beyond expansions, dividends, downstream/mid-stream etc. Something has to give...either we are getting a special dividend or we are buying/participating in something we dont know about yet. PLS is at risk of being t/o due to its current/future cash balance. It will be low ball but also feasible given the current register.
The bal sheet looks very lazy. I still don't know we have debt, it's ridiculous. We don't need it.
Good News & Bad News, page-29021
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Last
$2.90 |
Change
0.020(0.69%) |
Mkt cap ! $8.732B | |||
| Open | High | Low | Value | Volume |
| $2.86 | $2.94 | $2.80 | $102.1M | 35.55M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 314863 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.91 | 20820 | 2 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |