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
$1.62 |
Change
0.110(7.31%) |
Mkt cap ! $418.8M | |||
| Open | High | Low | Value | Volume |
| $1.49 | $1.62 | $1.48 | $1.486M | 955.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1111 | $1.61 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.62 | 1837 | 4 |
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| Last trade - 14.33pm 18/11/2024 (20 minute delay) ? |
| SXE (ASX) Chart |