I disagree that's what the market is pricing in.
I think the market is simply not impressed with the chairman's decision to not give back to its shareholders when it has so much money just sitting there.
Perhaps there'll now be a wait-&-see by investors before choosing to dive in or back in to see if any growth in shareholder value (that's actually founded) can be achieved first.
I don't blame them if that is the scenario. I know I never would've bought FEX if there wasn't going to be a dividend, instead I would simply have taken up LycoP but I guess we're strapped in now for the ride for the time being. GL.
Ann: FY24 Full Year Results, page-107
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Last
27.0¢ |
Change
0.005(1.89%) |
Mkt cap ! $194.5M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.8¢ | 26.5¢ | $481.2K | 1.764M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 1008877 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 239848 | 3 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |