I tried to dig down and estimate a cost of the expansion but could only make a rough estimate however it came in a fair bit lower than $10m. How did you arrive at that number?
In any event, I think it is likely they’ll pull back on the current dividend of ~$1.5m a year for a time whilst their free cash flow is hampered by capex. Whilst not silly, this would shake out a lot of shareholders and might bring this to true value.
Ann: Chairman's Address to Shareholders, page-11
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Last
$9.65 |
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-0.090(0.92%) |
Mkt cap ! $112.6M | |||
| Open | High | Low | Value | Volume |
| $9.75 | $9.75 | $9.65 | $133.3K | 13.68K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 908 | $9.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $9.75 | 203 | 1 |
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| KOV (ASX) Chart |