The way this Board/CEO is acting, together with the bearish macro environment, I predict 50c by EOY!
Fact is, ARN can't continue to pay (even moderately) attractive dividends without using debt. Revenue is falling fast and costs continue to increase.
And these -insert derogatory term here- still believe they can spend like drunken sailers, just like they did with the GB acquisition, just like they did with the 15% SXL stake and just like they did with K & JO!!
I believe it will take a Board and CEO spill to change the market sentiment now!
Question is, how long will the other major holders put up with such poor performance and wealth destruction before push comes to shove??
The way this Board/CEO is acting, together with the bearish...
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Last
62.5¢ |
Change
-0.005(0.79%) |
Mkt cap ! $195.6M | |||
| Open | High | Low | Value | Volume |
| 62.0¢ | 63.0¢ | 62.0¢ | $167.0K | 267.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 23319 | 62.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 63.0¢ | 31401 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| A1N (ASX) Chart |