ARQ were higher than today's price in November 2004.
In November 2004 WPL was trading below $20.00. Today $39.70.
In November 2004 ORG, the Perth Basin partner of ARQ were trading around $6.60. Today only $9.16. A pretty poor performance by them, but far superior to ARQ.
This poor ASX performance by ARQ in a raging resources bull market has not been softened by ARQ paying any dividends to its shareholders.
Instead the money withheld from shareholders via dividend payments has been used by ARQ to grow the business. Hmmnn...
PS
Have you thought that ADI only being about 30% owned by ARQ instead of 100% may have been a Management blunder - that it should have been 100% owned by ARQ?
I certainly have.
a short history lesson 16 october 2006, page-2
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $45.32M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.3¢ | 14.5¢ | $8.489K | 56.64K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 795255 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 112274 | 3 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| 5GN (ASX) Chart |