I dont want a 40 cent capital return. This would just push the share price down by 40 cents. I expected the stock to push beyond $2 on the market hearing that there was a capital return. That did not happen so I dumped it.
Furthermore, if the capital return or part of it is deemed to be an unfranked dividend then its worse.
I rang the company and spoke to the accountant and he said that the company has a lot of carry forward losses to absorb. So even if they make a profit this year and pay a dividend it wont be franked.
The PE is some 39.
All in all I just think there is better opportunity coming up if money is avaiable. SO I dumped this stock.
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$7.50 |
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Mkt cap ! $988.3M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 90 | $7.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.56 | 904 | 1 |
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No. | Vol. | Price($) |
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1 | 1500 | 6.500 |
1 | 17 | 6.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
7.940 | 827 | 3 |
8.000 | 351 | 1 |
8.100 | 125 | 1 |
8.200 | 1346 | 1 |
8.500 | 1750 | 1 |
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