Its going up due to low share on issue I presume.
Its getting ahead of itself.
Im concerned that they are paying a Dividend when cash position is so low compared to market cap and they are borrowing money.
Effectively they are borrowing money to pay for expansion, yet they are paying a dividend.
IMO they are in a growth phase and should not be paying a Dividend.
There cash position is very weak relative to the leverage and Expansion of plans.
Id hate to see a capital raising hurting share holders.
Buyers paying up -LOVe it, page-4
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Last
$32.00 |
Change
0.720(2.30%) |
Mkt cap ! $3.510B | |||
| Open | High | Low | Value | Volume |
| $31.28 | $32.03 | $31.19 | $4.416M | 138.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 950 | $31.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $32.01 | 603 | 2 |
View Market Depth
| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| LOV (ASX) Chart |