Not a great use of capital, in my opinion. Yeah, it may attract a few more retail shareholders to take a look now that yield is 2% - but that is far below the 5% rate (risk free!) you'll get sticking your cash in a term deposit / government bond. So why give a special dividend? Only answer is they don't know what to do with their war chest. Sudan is a bust for the next few years at least until that situation calms down. But it's still a surprise they haven't been able to find ANY other project in all of Africa that would meet their investment criteria. I really hope this isn't the best PRU can do and they just plan on sitting on all that cash for the next 12+ months because that would be a huge waste of their potential.
Ann: Dividend/Distribution - PRU, page-15
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PRU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.56 |
Change
0.000(0.00%) |
Mkt cap ! $3.521B | |||
| Open | High | Low | Value | Volume |
| $2.49 | $2.56 | $2.46 | $10.73M | 4.254M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10500 | $2.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.56 | 46390 | 3 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PRU (ASX) Chart |