Buying them off market and on market upto a certain price will then potentially allow Synlait to raise funds at an appropriate stock value without issuing significant amount of shares.
This would enable Synlait to clear the debt incurred from the Pokeno build and enable the company to increase Dunsandel and Pokeno capacity in a timely manner to ensure that they can meet supply requirements moving forward.
No debt and profits would then enable Synlait to pay out dividends and thus a2m receive the significant dividends.
GLTAH and DYOR
Dividend !, page-15
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$7.01 |
Change
0.290(4.32%) |
Mkt cap ! $5.067B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $7.12 | $6.81 | $26.19M | 3.735M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $7.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.02 | 28521 | 7 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |