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$1.53 australian pharmaceutical industries limited

Read this...which indicates a torrid time ahead and skin clinics...

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Gillysrooms

10,437 Posts.

142

24/04/20

12:03

Post #: 44232479
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Originally posted by aaa53: ↑

poor decision by management to withhold a dividend of any sort.

something stinks when a defensive stock like API , where demand for pharmaceuticals products is huge and interest rates at a low and individual earnings are being hit , API decides to withhold any form of dividend to assist its shareholders , some of whom are cash strapped.

The results , whilst not as good as I expected , still supported at least a 2 cents dividend. given demand for it Pharma products would continue to be strong through autumn and winter , with or without Con19, and especially with Con19 .........see the decision of no dividend as despicable.

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Read this...which indicates a torrid time ahead and skin clinics might need to change contact procedures too.

https://www.commercialrealestate.co...-seek-rent-relief-despite-virus-boost-949833/

API Price at posting: $1.04 Sentiment: None Disclosure: Not Held
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