Surely the best option is to pay surplus cash as a special dividend if there's limited options to deploy it at an attractive return on investment. Looking through their balance sheet at the half they've got 142m cash and a further 50m in term deposits for a total of 192m in cash. Even if they want to keep 30m in cash for payables or provisions they would have ~160m of cash available. This equates to 0.27c per share.
Cheers,
Plague.
News: PTM Platinum Asset Management Says HY Profit After Income Tax Expense A$60 Mln, page-6
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$1.06 |
Change
0.015(1.44%) |
Mkt cap ! $614.1M | |||
| Open | High | Low | Value | Volume |
| $1.04 | $1.06 | $1.03 | $1.435M | 1.372M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1421 | $1.06 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.06 | 25681 | 5 |
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