I wouldn't consider that a disaster but as you have seen from the reaction when they lost a contract worth just 3% of their revenue - it could have a huge impact on the share price. 3% is not likely to have a 30c impact on divs because some ground will be made up with other sales but here we are with a nasty tree shake.
If they are going to retain profits it would be best done incrementally maybe start with 4 or 5% and build up to 20% over 4 or 5 years - hopefully no change in divs if growth is 4 to 5%, by the time they hit year 5 they will have a war chest of cash, can take a holding in SIQ
Ann: FY24 Results Investor Presentation, page-133
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Last
$15.10 |
Change
0.300(2.03%) |
Mkt cap ! $1.051B | |||
| Open | High | Low | Value | Volume |
| $14.85 | $15.10 | $14.85 | $2.220M | 148.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $15.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.13 | 670 | 1 |
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| Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
| MMS (ASX) Chart |