I do think the decision by the Directors to cut back the dividend pay-out ratio to a paltry low 61% (last time it was this low was back in 2010) has back-fired. An extra 1/2c would kept the ratio at the same as last year (65%) at a cost of only about $500k. Certainly affordable given their positive cashflow and cash on hand.
Maybe the market sees the low payout ratio as being a sign the Directors are not confident about the sustainability of current profits?
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Last
23.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $33.10M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 106827 | 23.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 33000 | 2 |
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| Last trade - 07.18am 18/06/2025 (20 minute delay) ? |
| MCP (ASX) Chart |
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