I'd be surprised if there's any dividend this half but given they were happily buying back at 27 cents not too long ago who knows.
That's a decent explanation you've provided on the incentive but somewhat surprising they'd just agree to lower the kick in point without a reason. Just giving it away.
Agree with you there's quite likely an element of cleaning up the books. The one saving grace was that they said cash generation was (still) expected to be strong.
News: GAP Gale Pacific Sees HY Loss Of About $3.6 Mln, page-14
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10.0¢ |
Change
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Mkt cap ! $28.40M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.0¢ | $9.575K | 95.45K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10315 | 9.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 60000 | 1 |
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| GAP (ASX) Chart |