What you said is about the dumbest thing I have ever heard, It's about surviving. Do you read the news and what is going on in the money/credit markets? Did you read the announcement? Their main revenue source has dried up. They have debt. Don't you want the company around in the near future?
There is little dignity in the company going under in 2020 if it does not have the cash to meet its obligations. Dividends are what holders get when BoD decides that there is enough money in the kitty from free cash flow to support giving a handout. Obviously the risk of giving us more outweighs the benefit of yourself. I, for one, agree with them. It's prudent and responsible management. I will also vote to keep them on the board. Obviously they know what they are doing and are looking out for the long-term potential of the company.
Ann: Market update regarding COVID-19 and distribution guidance, page-6
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Last
$4.73 |
Change
0.005(0.11%) |
Mkt cap ! $6.847B | |||
| Open | High | Low | Value | Volume |
| $4.71 | $4.74 | $4.70 | $463.8K | 98.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 4395 | $4.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.73 | 8763 | 15 |
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| Last trade - 10.21am 08/10/2024 (20 minute delay) ? |
| ALX (ASX) Chart |