The points that you are making is that there is a positive net cash position and that net cash has increased over the past year. This is true but with a minimal pay down of debt and large pending dividends in the current half. Management is comfortable with the current capital positions and are prepared to commit a substantial amount of cash flow to dividends. This wont be a problem if cash flow growth continues. The market does like consistency of dividends and we now have consecutive payments forming a precedent. A cash squeeze at any point would likely impact on dividends (or perhaps invoke a DRP) given the net working capital deficit.
Cash has risen from $12.5M in DH14 to $34.1M in DH17 but current payables have way outstripped that ($18.8 to $57.1M) It is also worth noting that in the same period $34.5M was contributed in capital raisings, roughly equal to the cash in the bank today. In a clear case of having a bet both ways I have patted myself on the back for staying the journey until now and will use this as solace if and when the company continues unabated.
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.52M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.5¢ | $23 | 200 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 18000 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 27055 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 18000 | 0.120 |
3 | 63192 | 0.115 |
10 | 411483 | 0.110 |
5 | 320126 | 0.105 |
11 | 219425 | 0.100 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 27055 | 3 |
0.130 | 51714 | 3 |
0.135 | 42000 | 2 |
0.145 | 30000 | 1 |
0.150 | 86000 | 2 |
Last trade - 10.37am 27/05/2024 (20 minute delay) ? |
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