Not a great use of capital, in my opinion. Yeah, it may attract a few more retail shareholders to take a look now that yield is 2% - but that is far below the 5% rate (risk free!) you'll get sticking your cash in a term deposit / government bond. So why give a special dividend? Only answer is they don't know what to do with their war chest. Sudan is a bust for the next few years at least until that situation calms down. But it's still a surprise they haven't been able to find ANY other project in all of Africa that would meet their investment criteria. I really hope this isn't the best PRU can do and they just plan on sitting on all that cash for the next 12+ months because that would be a huge waste of their potential.
Not a great use of capital, in my opinion. Yeah, it may attract...
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Last
$2.69 |
Change
0.070(2.67%) |
Mkt cap ! $3.701B | |||
| Open | High | Low | Value | Volume |
| $2.69 | $2.70 | $2.65 | $8.808M | 3.282M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7462 | $2.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.69 | 30534 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| PRU (ASX) Chart |