they got drilled in the Thorney investor day presentation about not paying a div when they had so many franking credits. So it's just a way of using those credits and still holding onto balance strength for expansion etc.
Does seem like an excessive amount of cash but its a lot better than debt worries.
Ann: DRP Shortfall Placement, page-8
Add SXE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.69 |
Change
-0.040(2.31%) |
Mkt cap ! $444.8M | |||
| Open | High | Low | Value | Volume |
| $1.74 | $1.79 | $1.69 | $1.098M | 636.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 993 | $1.69 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.71 | 1852 | 1 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| SXE (ASX) Chart |