Hypothetically, if AUSTRAC impose a $10 million dollar fine which proportionally is higher than that imposed on the banks, on my calculation equates to just over 3 cents a share which could easily be absorbed in retained earnings and have no material impact on further dividends. . And that's supposing a fine being imposed - the investigation into NAB resulted in no fine. So this drop in share price is ridiculously overdone and with a 6.5 cent ff dividend coming up it makes IMHO an outstanding buying opportunity.
Ann: AUSTRAC Notices, page-11
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$1.36 |
Change
0.005(0.37%) |
Mkt cap ! $434.6M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.36 | $1.35 | $8.486K | 6.282K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7881 | $1.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 25930 | 1 |
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