ADN 0.00% 1.8¢ andromeda metals limited

ADN - News & Media, page-120

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    “We’ve already covered Andromeda Metals’s share price action, but we should also mention its total shareholder return (TSR). The TSR is a return calculation that accounts for the value of cash dividends (assuming that any dividend received was reinvested) and the calculated value of any discounted capital raisings and spin-offs. We note that Andromeda Metals’s TSR, at 654% is higher than its share price return of 654%. When you consider it hasn’t been paying a dividend, this data suggests shareholders have benefitted from a spin-off, or had the opportunity to acquire attractively priced shares in a discounted capital raising.”

    Sorry, but there was nothing in that article of any use other than to give the company a little more publicity.
    It would appear much of the article was copy and paste with numbers auto generated and if a human did a proof read, they didn’t do a good job. Not a website I’ll be adding to my favourites. There was nothing at all useful in terms of research.

 
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