Had to buy more. 9c make a market cap of $8.4M.
They could pay us 6.5c fully franked dividend which would cost under $6.1M. They already have the franking credits, so grossed up it would be paying us over 9.2c in dividend versus the current 9c price.
At 31/12/16 they had $7.44M cash so can afford to do it and they should still have another profitable 6 months ahead for 1800- reverse.
The risk with this co is when 1800-Reverse is no longer profitable will the employee benefits expense still be over $1M per annum while the company holds no assets generating enough profits to cover these wages and other expenses.
Some direction form this company would be appreciated showing some prudent capital preservation measures.
Or just give me 6.5% FF div and do what you bl..dy well like.
- Forums
- ASX - By Stock
- REF
- Ann: Half Year Accounts
Ann: Half Year Accounts, page-7
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add REF (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online