Having attended the AGM I think they were hoping that they may have been able to announce the purchase of a share in a new business, but timing beat them. Perhaps we will hear in the next month or so. So interim dividend is probably only a 50: 50 chance. Reading between the lines, it looks like it will be another off-shore business, pushing the overseas contribution to earnings from the current 20-30% to more like 50-60%. Hence franking credits will become a scarce commodity.
Providing the market starts to value the company closer to its NTA, the future for those wanting a regular income might need to be selling say 5% pa of an increasing share price. But then, I always was a bit too optimistic.
Cheers Westwind
Ann: AGM Presentation, page-5
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Last
$10.92 |
Change
-0.080(0.73%) |
Mkt cap ! $571.0M | |||
| Open | High | Low | Value | Volume |
| $11.02 | $11.04 | $10.89 | $162.4K | 14.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 180 | $10.90 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.92 | 72 | 3 |
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| Last trade - 15.25pm 10/09/2024 (20 minute delay) ? |
| PAC (ASX) Chart |