There's no point in being a "cash machine" if all the cash stays in the machine.
The ongoing refusal to pay a dividend and the pathetic share buyback tells the market that Stokes / Warburton will continue to act as they always have - keeping all the cash for personal remuneration and (poor) empire-building acquisitions.
Annual EPS of over 14cps should equate to a minimum 7cps dividend and on a PE of 10, a SP of 70c. But earnings are meaningless when they don't translate to shareholder returns.
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18.0¢ |
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Mkt cap ! $277.0M |
Open | High | Low | Value | Volume |
18.0¢ | 18.5¢ | 18.0¢ | $21.30K | 117.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 740505 | 18.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.5¢ | 280724 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 740505 | 0.180 |
12 | 1154916 | 0.175 |
20 | 1344983 | 0.170 |
7 | 472125 | 0.165 |
10 | 492334 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 280724 | 2 |
0.190 | 356360 | 9 |
0.195 | 138590 | 7 |
0.200 | 147173 | 5 |
0.205 | 87027 | 3 |
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