You shouldn't be paying dividends if your debt is ~$500m and market cap $840m. I am very happy to use all free cashflow to repay debt down to manageable levels, then pay more material dividends at that stage.
Unless guidance is bogus, which I doubt this is getting ridiculous. Consensus estimates imply a 4.0x PER in FY24. My bet is DDH shareholders (of which I was one) are selling because they invested in a dividend paying company with low debt, now we have a non-dividend paying company with high debt!
I am happy to play the more diverse, larger cap stock that gets included in the ASX200 at some stage and more on the radar for larger investors.
You shouldn't be paying dividends if your debt is ~$500m and...
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Last
$1.00 |
Change
0.000(0.00%) |
Mkt cap ! $952.1M | |||
| Open | High | Low | Value | Volume |
| $1.00 | $1.03 | 98.0¢ | $3.114M | 3.088M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15196 | $1.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.01 | 8390 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PRN (ASX) Chart |