The previous payout ratio for HIT was 65%. Even with this years $800k NPAT (that takes into account unrealised losses, underlying for the core business is much higher) that would be a 14% yield this year. The contracting business requires a nice cash buffer at all times. With $2m cash now I think they have that and ongoing solid performance should allow a dividend to be reinstated. If so, Im confident it will re-rate.
Two things I want to see: no more investments and dividend reinstated. If they do that it will re-rate and would be worth $10m+.
Ann: Ceasing to be a substantial holder, page-13
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add HIT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.99 |
Change
0.010(0.51%) |
Mkt cap ! $83.96M | |||
| Open | High | Low | Value | Volume |
| $1.98 | $1.99 | $1.98 | $15.12K | 7.625K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.99 | 1340 | 1 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| HIT (ASX) Chart |