Hypothetically, if AUSTRAC impose a $10 million dollar fine which proportionally is higher than that imposed on the banks, on my calculation equates to just over 3 cents a share which could easily be absorbed in retained earnings and have no material impact on further dividends. . And that's supposing a fine being imposed - the investigation into NAB resulted in no fine. So this drop in share price is ridiculously overdone and with a 6.5 cent ff dividend coming up it makes IMHO an outstanding buying opportunity.
Hypothetically, if AUSTRAC impose a $10 million dollar fine...
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Last
$1.38 |
Change
0.000(0.00%) |
Mkt cap ! $442.6M | |||
| Open | High | Low | Value | Volume |
| $1.36 | $1.38 | $1.36 | $126.4K | 92.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $1.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.38 | 11483 | 1 |
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| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| BFG (ASX) Chart |