They are still paying down debt but also want to be known to pay dividends and franking credits. So they set a low price and have it underwritten.
I'd prefer if they didn't do this because they keep adding to my tax liability while also forcing me to reinvest... because the price is, as you say, "exceptionally generous".
They are still paying down debt but also want to be known to pay...
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Last
43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $720.0M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 44.0¢ | 43.0¢ | $667.7K | 1.546M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 120837 | 3 |
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| Last trade - 15.59pm 01/07/2024 (20 minute delay) ? |
| PGC (ASX) Chart |