You've sort of answered the "another shoe to drop" yourself though by assuming the 7c dividend would be covered by 1H profits. It won't be - at $50m that's circa 8c EPS for the year. So if nothing changes the dividend isn't likely sustainable (assuming they only pay out earnings!). How much they cut dividends is the question I'm trying to figure out.
There's still a lot I like about the company. I'm just not sure what price I'd pay for it at the moment.
Ann: Funds Under Management - January 2024, page-40
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Last
$1.22 |
Change
0.020(1.67%) |
Mkt cap ! $710.2M | |||
| Open | High | Low | Value | Volume |
| $1.20 | $1.22 | $1.20 | $1.611M | 1.336M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12808 | $1.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.23 | 11400 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| PTM (ASX) Chart |