It seems so unnecessary to cut the dividend when they managed to reduce debt last year by 3 million and the previous year by 10 million while paying the full dividend.
[I think its just a response to the low share price but its adding insult to injury.A much better signal would have been to maintain the dividend.]
Borrowings are only 32 million and they have a 110 million total facility with ANZ Bank.
Can anyone explain why the dividends aren't franked?
Ann: Preliminary Final Report, page-6
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| Open | High | Low | Value | Volume |
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