@vivRookie. I think you need to get off your high horse and be more respectful to fellow posters. @EarlyRetiree is correct in what he stated. The expected final dividend of $0.0375c was cut to $0.02c. This cut was not signalled to investors in the zoom meeting / investor update on 1 August. I also agree that the next (interim) dividend is likely to be $0.02 or less (depending on portfolio performance). All of a sudden your expected yield has dropped by 46%.
OK. So lets take a look at how the three core NCC holdings are going at the moment : BRI, COG, SND.
BRI - SP down 14% today due to a drop in EPS of 64%, and a poor near term outlook for residential construction activity. Final dividend cut from $0.085c to $0.02c.
COG - After a big jump to $1.20, the SP has dropped back hitting 3 year lows of $1.03, with a possibility of futher downside.
SND - After a little jump, the SP has dropped back close to 3 year lows of $0.80c.
BTW . There was also zero mention of the LTV ratio in the zoom meeting / investor update on 1 August. It's like that risk doesn't exist for shareholders.
Maybe they replied to indvidual investor questions via email to avoid public scrutiny while on the call.
@vivRookie. I think you need to get off your high horse and be...
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Last
38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $28.41M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.5¢ | 37.5¢ | $43.96K | 115.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 28000 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.5¢ | 77939 | 2 |
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| NCC (ASX) Chart |