Great news for shareholders. Massive de-risking for their capital allocation strategy. Looks like we should get ~58.5c of fully franked special dividends worth ~83c over 3 years. After they pay the debt and allocate $30m for future CAPEX, rest is for shareholders unless they find any other ideas.
Meanwhile trading at 74c with 151c of NTA. Any improvement in earnings from reduced shipping costs will have a massive effect too. Moving from Hold to Buy.
Ann: Capital Management Review, page-4
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Last
70.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $61.13M | |||
| Open | High | Low | Value | Volume |
| 70.0¢ | 70.0¢ | 70.0¢ | $12.54K | 17.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 29582 | 68.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 73.0¢ | 1500 | 1 |
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| Last trade - 12.09pm 31/07/2024 (20 minute delay) ? |
| MWY (ASX) Chart |