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
4.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $244.1M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.2¢ | 4.0¢ | $83.69K | 2.048M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1144313 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 478556 | 10 |
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| Last trade - 12.54pm 27/09/2024 (20 minute delay) ? |
| MMI (ASX) Chart |