To add to my previous post. ASH is likely to pay another fully franked dividend of at least 2.5c (I think it could be slightly higher given today's results -just my opinion) per share in 6 months time. So if the share price which was before today's announcement 25c and they are likely to pay at least 2.5c, then my simple maths is 10% return of capital in 6 months time.
Anyone want a term deposit like return of 10% in 6 months time (granted ASH is a micro-cap and not a bank so it is sharemarket risky and also it depends on the price you buy the shares at)??
Do your own research and make your own investment decision.
ASH Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
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