RFT 0.00% 0.8¢ rectifier technologies ltd

The Rectifier is financially very robust.....Sitting on $6m...

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  1. 7,635 Posts.
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    The Rectifier is financially very robust.....Sitting on $6m cash....Very strong working capital....Working Capital Ratio 2.47 (too strong....Some people may say inefficient use of extra funds)
    What to do with this cash?
    # They can pay off all outstanding current & non current debt (around $4m) & become completely debt free......They chose not to.....I wholeheartedly agree in this climate of low interest rates.
    # They can afford to pay Dividend....Perhaps up to 0.002 , leaving >$3m in the kitty.....They chose not to.
    # Acquisition or organic growth....I prefer this path.
    RFT management have some serious options to consider as to what to do with the extra cash , specially now after the CAPEX already spent in the last couple of years.
 
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Last trade - 14.38pm 18/10/2024 (20 minute delay) ?
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