There's no point in being a "cash machine" if all the cash stays in the machine.
The ongoing refusal to pay a dividend and the pathetic share buyback tells the market that Stokes / Warburton will continue to act as they always have - keeping all the cash for personal remuneration and (poor) empire-building acquisitions.
Annual EPS of over 14cps should equate to a minimum 7cps dividend and on a PE of 10, a SP of 70c. But earnings are meaningless when they don't translate to shareholder returns.
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $238.5M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.5¢ | 14.5¢ | $141.7K | 946.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 80801 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1047806 | 20 |
View Market Depth
| Last trade - 16.10pm 27/06/2025 (20 minute delay) ? |
| SWM (ASX) Chart |