@polarbear666
They do have enough franking credits to pay dividends. The problem is they can't pay them for 6 months. So the option is, leave the cash on the balance sheet until the Half year and Full year, or reinvest in the company at a 40% ROE (Through a buyback).
I have to say though, I do understand your frustration given the recent sell down of directors.
Ann: Notification of cessation of securities - WHC, page-9
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Last
$8.97 |
Change
-0.020(0.22%) |
Mkt cap ! $7.504B | |||
| Open | High | Low | Value | Volume |
| $8.97 | $9.08 | $8.94 | $35.74M | 3.977M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7560 | $8.96 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.97 | 14961 | 3 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| WHC (ASX) Chart |