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.
40c dividend, page-6
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Last
$7.84 |
Change
-0.090(1.13%) |
Mkt cap ! $1.033B | |||
| Open | High | Low | Value | Volume |
| $7.94 | $8.15 | $7.84 | $150.3K | 18.95K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 144 | $7.83 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.85 | 7981 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| VSL (ASX) Chart |