What chance a dividend? Wouldn’t that make more sense than a buyback that concentrates ownership and reduces liquidity?
Similar pattern with a number of ASX companies that have a level of concentrated ownership.
Preference for buybacks over dividends and decreasing liquidity (along with insto interest) over time
Decent profits from time to time that never seem to find a way to enrich small buy and hold shareholders
Haven’t seen the large acquisition of questionable value here yet but still plenty of time for that.
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Last
26.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $306.6M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 26.0¢ | $64.38K | 247.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 96508 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 368390 | 21 |
View Market Depth
| Last trade - 10.57am 24/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |