GMG have categorically stated according to their announcement of 1 May 09 that they will suspend the distribution for this financial year:
"In addition to the refinancing proposal, the Group believes it is prudent to not pay a further distribution for the year ending 30 June 2009 enabling the Group to retain liquidity. The Board will review its distribution policy as part of the ongoing capital management plan."
Far more important for them to meet their debt obligations than pay a dividend. Remember this is a stock which was trading at $3.80 one year ago and it has become a sub-dollar stock.
possibility of dividend?, page-4
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Last
$37.10 |
Change
-0.070(0.19%) |
Mkt cap ! $70.45B | |||
| Open | High | Low | Value | Volume |
| $36.54 | $37.10 | $36.22 | $116.6M | 3.183M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 876 | $37.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.11 | 9938 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| GMG (ASX) Chart |