they got drilled in the Thorney investor day presentation about not paying a div when they had so many franking credits. So it's just a way of using those credits and still holding onto balance strength for expansion etc.
Does seem like an excessive amount of cash but its a lot better than debt worries.
Ann: DRP Shortfall Placement, page-8
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Last
$1.73 |
Change
-0.005(0.29%) |
Mkt cap ! $455.3M | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.75 | $1.69 | $1.055M | 612.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2258 | $1.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.73 | 25901 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| SXE (ASX) Chart |