Don't know what the market will make of this: you would hope it respects Management's honesty about the need for short term pain to achieve long term gain.
Explains the reason for reactivating the DRIP - they need the cash.
I know SNL have made a habit of under promising/over delivering, but FY17 ($10m EBIT) is a fair way away.
Ann: Appendix 4E, Annual Accounts & Performance Guidance, page-2
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Last
$25.25 |
Change
0.790(3.23%) |
Mkt cap ! $1.061B | |||
| Open | High | Low | Value | Volume |
| $24.68 | $25.31 | $24.68 | $384.5K | 15.37K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 243 | $25.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $25.25 | 62 | 2 |
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| Last trade - 12.51pm 01/08/2024 (20 minute delay) ? |
| SNL (ASX) Chart |