They are paying down debt at the same time they are paying a high dividend... Amazing how the market lets these opportunities slide when you look at all the ones out there who need to borrow to pay a dividend. Still have $25 million of bonds to buy back, so that's another million a year of potential savings.
How do people take a pass on buying this stock? Is it the "shrinking" revenue long-term or the loss due to the write-down? Even if it had no growth you'd take it on the dividend alone.
Ann: FY17 Results Release, page-13
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Last
44.5¢ |
Change
-0.010(2.20%) |
Mkt cap ! $64.05M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 44.5¢ | 44.5¢ | $4.319K | 9.705K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1150 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.5¢ | 22372 | 1 |
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| Last trade - 15.50pm 16/08/2024 (20 minute delay) ? |
| MCP (ASX) Chart |