Yep - that’s the right thing to do re dividend. Sometimes I think that analysts preparing these reports forget to sense check them at the end (and have no real understanding of how a business works).
A dividend in FY24 isn’t likely as all the funds will be used to pay down debt. MMI also have a stack of losses to use before they will be paying tax so there would be no franking and another reason to avoid a dividend.
I’d love to see a buy back etc if the share price is still undervalued with any spare cash even if it’s just buying back the warrants from Nabari.
Ann: 2023 Market Guidance Achieved, page-25
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Last
4.9¢ |
Change
0.007(16.7%) |
Mkt cap ! $285.0M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 5.1¢ | 4.3¢ | $3.705M | 77.47M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 311384 | 4.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 170894 | 1 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
4.8¢ |
Change
0.007 ( 11.6 %) |
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| Open | High | Low | Volume | ||
| 4.3¢ | 5.1¢ | 4.3¢ | 29528758 | ||
| Last updated 15.59pm 30/05/2024 ? | |||||
| MMI (ASX) Chart |