Return of capital [$0.008/share] indicates that they don't plan to purchase (large) assets to grow the business.
Appears that asset sales aren't imminent (vote at AGM); they sound less confident, but asset sales may still happen.
Cash Harvesting and Distribution Strategy is now definite/locked in.
a) asset sales and return of capital/proceeds, and/or
b) distribute asset free cashflow (production cashflows)
This strategy has worked very well for Horizon Oil (HZN)
Return of capital [$0.008/share] indicates that they don't plan...
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $9.1K | 700K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 12179048 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 15060860 | 16 |
View Market Depth
| Last trade - 15.54pm 03/10/2024 (20 minute delay) ? |
| OEL (ASX) Chart |