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21.0¢ xplore wealth limited

Dividend is possible in 2021 but probably unfranked as they...

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oldtimer2

1,256 Posts.

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23/05/20

12:54

Post #: 44792374
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Originally posted by mmmmgus: ↑

Spot on oldtime...

We have the revenue flow coming in and zero debt. Money has been spent on the rebuild and consolidation/reboot of operating model and capital expenditure depreciated/written down so balance sheet is clean going forward. IMO the xplore platform offer looks broader/superior to a number of other listed providers - while I note their share prices are up significantly more % wise from the March lows. Interesting development in itself.

I'd much prefer a resumption of dividend payments say from the second half of 2021? rather than any share buyback. In the current economic environment yield will be king esp if there are franking credits available too! And we could quickly rerate on EPS/Div yield alone. Also my understanding is that the last share buyback wasn't a great success (so doing it again would be a waisted opportunity). To some extent the liquidity of the stock is already not that great and management and directors hold heaps.

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Dividend is possible in 2021 but probably unfranked as they won't be paying any tax for a while other than GST.

XPL Price at posting: 6.2¢ Sentiment: Buy Disclosure: Held
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