Crikey, this "marriage of equals" has a long way to go before we see the rebirth of 8.25 ct annual dividends of almost ten years ago!! Anyone else got any thoughts?
Yeah well this was never a "merger of equal"; you can read my previous comments here on HC if you wish. SRG was a barely-profitable basket case prior to the merger with (I think it was) an ebit/revenue ratio of less than 5% compared to GCS's healthy 15%. Then, as I expected, after the merger the "new" SRG started writing down assets inherited from the old SRG. A truly costly merger and a huge con on the shareholders of GCS. GCS had great potential (as does SRG currently) but that potential has often been scuttled by poor management decisions, the merger being the latest example. Until management changes I'm staying out (but keeping an eye on it).
Ann: Half Year Results - Announcement, page-6
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Last
$1.28 |
Change
0.085(7.11%) |
Mkt cap ! $766.9M | |||
| Open | High | Low | Value | Volume |
| $1.28 | $1.33 | $1.26 | $4.343M | 3.380M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 10510 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.28 | 916 | 2 |
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| Last trade - 14.25pm 19/11/2024 (20 minute delay) ? |
| SRG (ASX) Chart |