I don't think they'd do a share buy-back. Stokes from memory has around 40% of the stock and any buy back would, I assume, be problematical because he won't sell back shares at these levels and would, as a result of fewer shares on issue, move over the 40% mark which is the ceiling before an offer required. That's how I remember the regulations anyway. Correct me if I'm wrong. I don't think they'd pay a $100m divi because they have always wanted to keep powder dry for accretive acquisitions. My guess would be more like 2c, but even this level means a 5% plus yield, from a very low payout ratio, leaving good potential for divi growth. A 2c dividend wouldn't put a dent in their free cashflow, but gets income funds looking at them again and would put $13m in Kerry Stokes' coffers.
The bottom line is that they can easily afford a meaningful dividend at these levels whilst maintaining the ability to pay debt down quickly AND retain cash for acquisitions. Best fundamentals for a long time and way too cheap on valuation
- Forums
- ASX - By Stock
- SWM
- Up or Down ??
Up or Down ??, page-4234
-
- There are more pages in this discussion • 1,013 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SWM (ASX) to my watchlist
|
|||||
Last
18.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.0M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 18.0¢ | $71.63K | 396.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 40370 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 296841 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 40370 | 0.180 |
10 | 556808 | 0.175 |
19 | 1169972 | 0.170 |
5 | 138125 | 0.165 |
6 | 439772 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 296841 | 6 |
0.190 | 405000 | 2 |
0.195 | 144055 | 5 |
0.200 | 224427 | 9 |
0.205 | 216783 | 4 |
Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
Featured News
SWM (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online