I just don't understand why they need to have such high debt levels.. by way of their constitution they are able to pay out 100% of their debt as dividends...
but they aren't generating any cash, and going further into debt.
Profit for the Half was $4m
Cash outflow for the half was $13m
Increase in debt was $15m
Payment of Dividends to shareholders $2.5m
8.5% of the Profit is paid to directors on a monthly basis... while cash flow is still negative.
I can't see this ending well... Can anyone explain how this company won't end up bankrupt?
Am I missing the obvious?
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Last
$7.82 |
Change
-0.030(0.38%) |
Mkt cap ! $1.413B | |||
| Open | High | Low | Value | Volume |
| $7.85 | $7.93 | $7.81 | $11.42M | 1.459M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 19701 | $7.81 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.83 | 48823 | 2 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| DDR (ASX) Chart |