With the extra shares on issue, it'll cost an additional $13.5m to maintain the 12cps full year dividend. That extra cost can easily be absorbed by cashflows and won't be affected at all by Atlantic (Atlantic is self-funding). That's just my opinion so DYOR.
It makes for a very appealing yield. Buying at $2.61 will yield 3% on the H2 divvie alone.
Ann: Ceasing to be a substantial holder, page-9
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Last
35.0¢ |
Change
-0.005(1.41%) |
Mkt cap ! $284.3M | |||
| Open | High | Low | Value | Volume |
| 36.5¢ | 37.0¢ | 34.0¢ | $2.064M | 5.844M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 133159 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 237458 | 7 |
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| Last trade - 15.53pm 27/09/2024 (20 minute delay) ? |
| SBM (ASX) Chart |