I must admit I'm disappointed.
Not with the result - I'm very happy with the figures but I am disappointed with the dividend rate.
By the size of the price drop this morning, I'm not the only one.
A dividend payout of 44% of NPAT would cost $30.932m.
So for an extra $9.8m the dividend could have been 25c per share.
I feel that that is a rate the market would have liked.
The announcement makes a big deal about the interim dividend being 3 times last years (5c to 17c) but the NPAT has gone from $7.7m to $70.3m (9.1 times).
At 31/12/13 the net cash position was $131.1M.
Paying out an extra $9.8m would not put too big a dent in that amount.
In my opinion, this is very mean-spirited.
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Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $706.7M |
Open | High | Low | Value | Volume |
24.5¢ | 25.0¢ | 24.0¢ | $198.5K | 812.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 44912 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 377190 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.240 |
7 | 219661 | 0.235 |
20 | 280433 | 0.230 |
4 | 169966 | 0.225 |
12 | 309380 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 377190 | 3 |
0.255 | 143921 | 2 |
0.260 | 19663 | 2 |
0.265 | 100000 | 1 |
0.270 | 146470 | 5 |
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