The dividend will get hammered unless they try and fund it via debt which seems to be what they did in the half yearly.
A lot of people (myself included) were in this for the high dividend, turned out to be a trap in this case. I suspect it will drop further over the next few days, below $5. Even at $5 the PE would be around 27 so still looking expensive.
what happened, page-15
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Last
$1.75 |
Change
0.200(12.9%) |
Mkt cap ! $164.2M | |||
| Open | High | Low | Value | Volume |
| $1.58 | $1.75 | $1.58 | $199.2K | 122.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7888 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.75 | 4999 | 1 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FWD (ASX) Chart |