It kind of does actually.
When the share price was low and the board reinstate the DRP, it is a good way to conserve cash and reward loyal shareholders.
When the share price is over inflated, DRP would hand out less shares for the same cash. Those who know the business well can select to either get the divvy in cash or not.
Ann: Response to media speculation, page-37
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Last
$12.75 |
Change
-0.090(0.70%) |
Mkt cap ! $1.255B | |||
| Open | High | Low | Value | Volume |
| $12.78 | $12.87 | $12.75 | $42.19K | 3.293K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 144 | $12.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.78 | 241 | 6 |
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| Last trade - 10.35am 10/07/2024 (20 minute delay) ? |
| MND (ASX) Chart |