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.
There's no point in being a "cash machine" if all the cash stays...
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $269.3M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.0¢ | 17.0¢ | $284.5K | 1.635M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 212612 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 597139 | 4 |
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| SWM (ASX) Chart |