So now you have cash in the bank earning 1.5% but you can earn 5% dives if you buy more Ora shares.
So as a consequent you will earn more divs than before and the share buying pressure may Evan boost the share price.
How ever the variable here is how much income/div was attributable to the fibre division.
Ann: Orora Capital Management and Trading Update, page-20
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Last
$1.93 |
Change
0.015(0.79%) |
Mkt cap ! $2.586B | |||
| Open | High | Low | Value | Volume |
| $1.93 | $1.93 | $1.90 | $8.909M | 4.639M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 38782 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 58119 | 6 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| ORA (ASX) Chart |