Can't agree I'm afraid....
1) Reintroduction of Dividend will attract new shareholders whose policy is to only invest in Dividend Yielding companies. e.g. many superfunds. Accordingly, CAJ share price likely to rise. this is good for existing shareholders.
2) Yes growth is good, so long as it is managed well. Perfect example of growth focused company is Slater & Gordon. Need I say any more?
3) We learn by our mistakes, so reflecting on the past can help. CAJ made numerous mistakes under JC. Taking over IDX and paying x11 seems like a decision JC would've made.
4) I do feel AH has stabilised CAJ. However a hostile takeover of IDX seems like a mistake to me. Time will tell. Takeover of 5 Tasmanian clinics at 8x earnings seems logical. Again time will tell.
WB
Can't agree I'm afraid.... 1) Reintroduction of Dividend will...
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Last
37.5¢ |
Change
0.010(2.74%) |
Mkt cap ! $399.8M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 38.0¢ | 37.0¢ | $2.842M | 7.583M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 65968 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 237546 | 7 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| CAJ (ASX) Chart |