With a forecast NPAT of $48m and the share price where it is, rather than payout up to 90% in dividends ~$43.3m, I feel the company should target a slightly lower amount and kick start the on market buyback again for say $4m over the next quarter, and extend as appropriate post FY23 results.
They may be concerned about torching another small portion of that massive franking credit balance but I can't see how they will get all of these out anyway, unless they do an off market buyback with a cap raise before our communist leader changes the well established rules on these.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.68 |
Change
0.055(3.40%) |
Mkt cap ! $330.0M | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.69 | $1.61 | $581.8K | 350.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1624 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.69 | 5193 | 2 |
View Market Depth
| Last trade - 16.10pm 24/06/2025 (20 minute delay) ? |
| SVR (ASX) Chart |