amandasmsf,
I doubt it, I suspect that someone has done the numbers on yield and wanted a position or they saw London City as potentially driving the SP up.
At $1.50 a share the yield is 4.00% paid biannually and based on the performance of the business there is upside to the dividend in that the board has stated 60% payout and based on last years result they could potentially pay a $0.08/share dividend taking the yield to 5.33% and potentially higher if another buyback occurs.
Ann: Net Tangible Asset Backing - November 2019, page-3
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Last
$3.22 |
Change
0.060(1.90%) |
Mkt cap ! $93.36M | |||
| Open | High | Low | Value | Volume |
| $3.22 | $3.22 | $3.22 | $5.622K | 1.746K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6000 | $3.16 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.35 | 679 | 1 |
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| Last trade - 12.02pm 08/10/2024 (20 minute delay) ? |
| ECL (ASX) Chart |