Huh?
The company looks in great shape! The dividend cut is a sign of growing capital needs for an increased loan book. It should be viewed as a positive, a sign of growth combined with a sign of conservatism in keeping the leverage sensible in an environment of expected interest rate rises over the medium term.
Of course, those reliant on dividend income will baulk at this which is partly responsible for the SP collapse. But its a buying opportunity today imo.
Ann: FY17 Results Media Release, page-9
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Last
72.0¢ |
Change
-0.020(2.70%) |
Mkt cap ! $356.2M | |||
| Open | High | Low | Value | Volume |
| 73.0¢ | 77.0¢ | 71.5¢ | $955.2K | 1.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3169 | 72.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 72.5¢ | 3113 | 3 |
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| Last trade - 15.52pm 03/09/2024 (20 minute delay) ? |
| HUM (ASX) Chart |