While they did have a net negative cash flow, their cash holdings was a bit over $5.3M. Paying out $0.549M in divvies is hardly going to break the bank! On past performance, only about half of this will be paid out in cash, the rest as a DRP.
Worryingly, however, is that the management do not believe there is a better use for that cash than giving it to shareholders. This business grows on seeing new niche investment opportunities. Right now, management cannot identify any!
While they did have a net negative cash flow, their cash...
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Last
29.5¢ |
Change
-0.015(4.84%) |
Mkt cap ! $133.3M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 29.0¢ | $48.04K | 158.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 35358 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 962 | 1 |
View Market Depth
| Last trade - 15.33pm 19/11/2024 (20 minute delay) ? |
| HNG (ASX) Chart |