I think a better use of funds is a share buy back. The stock price is really low.
Share buy back eliminates the instos who will just take up positions for dividend and then dump accordingly to try and buy back on the register at a later date more cheaply if they want to re-position.
Ann: Mayne Pharma completes sale of Metrics Contract Services, page-23
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Last
$4.70 |
Change
-0.120(2.49%) |
Mkt cap ! $399.8M | |||
| Open | High | Low | Value | Volume |
| $4.71 | $4.80 | $4.65 | $775.9K | 164.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 85 | $4.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.72 | 1079 | 1 |
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| MYX (ASX) Chart |