SMH said it would come in at $240 million. Wrong. It is actually $264 million. The difference is that they are not going to payout a dividend above earnings so the divi has been reduced 8% from .339 to .31 which is incidently the predicted earnings per share. Great. I don't like companies paying out dividends more than earnings. In fact if a company is making more than bank interest I want the money reinvested in the company in the form of buy back or a wise core investment.
smh article was wrong...$264 million
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Last
$1.89 |
Change
-0.040(2.08%) |
Mkt cap ! $7.437B | |||
| Open | High | Low | Value | Volume |
| $1.91 | $1.92 | $1.89 | $22.45M | 11.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 158643 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.89 | 919871 | 10 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$1.89 |
Change
-0.040 ( 1.67 %) |
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| Open | High | Low | Volume | ||
| $1.92 | $1.92 | $1.88 | 8558426 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| MGR (ASX) Chart |