The share price is going to get slaughtered after it goes ex dividend imo. This payout ratio is not sustainable and it only takes funds away from the next divi.
Unless manganese prices rebound strongly, which is looking increasingly unlikely, and we have to wait another 12 months for another (more meagre) dividend, this is headed down to 10c I reckon.
Directors gifting themselves sh1t tons of 'performance' shares in the months leading up to the final report and divi announcement, is not helping the optics of the situation either
The share price is going to get slaughtered after it goes ex...
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Last
29.3¢ |
Change
-0.008(2.50%) |
Mkt cap ! $578.2M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.0¢ | $362.3K | 1.213M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 408417 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 347291 | 21 |
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| JMS (ASX) Chart |