Yes, confidence in the business from its big boss. Could look at it as a partial div reinvestment plan, as well as a BB:
Nathan Mitchell is sole director and a beneficiary of two family trusts that now own 40.7m shares (plus some in a super fund).
That means those two trusts received approx $841k in dividends in September (we have no knowledge of tax affairs or distributions from those trust funds).
The one that increased holdings (Mitchell Family Investments (Qld) Pty Ltd atf Mitchell Family Investment Trust) received approx $376k in divs in September. And bought a bit under $100k since July (change dated 2nd Nov)
Spending a bit under $100k of that $376k divs on more shares at 36.09c, giving nominal gross 5.8% return, is not a bad way to use your div payments.
Yes, confidence in the business from its big boss. Could look at...
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $89.70M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 41.5¢ | $229.5K | 547.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 4000 | 1 |
View Market Depth
| Last trade - 15.47pm 26/04/2024 (20 minute delay) ? |
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Last
42.0¢ |
Change
0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 42.0¢ | 44.0¢ | 41.5¢ | 143369 | ||
| Last updated 15.47pm 26/04/2024 ? | |||||
| MSV (ASX) Chart |