MVP 1.20% 41.0¢ medical developments international limited

Go to see sales tracking well, there's a long runway of decent...

  1. 310 Posts.
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    Go to see sales tracking well, there's a long runway of decent sales growth ahead. 

    Underlying business looks ok.

    Still don't get the dividend. 

    If the company earns a tiny 0.21c eps but pays out a 10x bigger dividend (2c) that means they can't invest in their own company or even just run it as is without issuing more shares or increasing debt.

    Not to mention the DRP is at a 5% discount. Sheesh.

    Flat out stupid capital management.

 
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