BCI 3.23% 30.0¢ bci minerals limited

To those upset by the low pay out on the divi, think of it this...

  1. P87
    5,035 Posts.
    To those upset by the low pay out on the divi, think of it this way.

    It is cash conserved for their next acquisition, an acquisition necessary for the continuation of the company that has delivered exceptional capital growth over the last 5 years.

    Rather than pay for an acquisition via a path of shareholder dilution via a capital raise, BCI appears to be positioning itself to purchase with a suitcase full of cash.

    I think the moan about a flat divi is driven by greed.

    The SP of BCI has been nothing short of sensational over the last 5 years.

    I applaud the company and it's board.
 
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30.0¢ 81225 3
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