I'm curious, where does the idea of a $40mil dividend in Dec come from? That's not what has been communicated to shareholders in market releases. They've said they'd have a 30-50% payout ratio (provided debt was kept to a maximum of 0.5x). The company still requires growth capital to fund expansion of its digital businesses that can be accommodated in the above payout ratio from earnings. I'm penciling in 5-6c paid 6 monthly which would equate to a 15% dividend yield on a share price of 80c
Ann: ASM Presentation and Addresses, page-7
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Last
93.5¢ |
Change
-0.030(3.11%) |
Mkt cap ! $174.5M | |||
| Open | High | Low | Value | Volume |
| 96.0¢ | 96.0¢ | 93.5¢ | $174.9K | 184.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21325 | 93.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.5¢ | 15000 | 1 |
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| NZM (ASX) Chart |