Agreed. Alternatively, you can simply hold the extra shares and nominally assess your return. For example, i used the dividend reinvestment scheme to get extra shares at 15.2351c in October 23. Yes, i didn’t get cash. No I didn’t sell any shares to realise cash. I am, however, nominally counting my return on those additional shares. It was the first time that I took up the div reinvestment option (and I got lucky).
All i am suggesting is that such is a legitimate investment strategy and there is no lost corporate skin by the company adopting this approach. Unfortunately, the BOD seems unable to recognise this but, there again, they're receiving fees. GLTAH Keith
PGC Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held
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