What chance a dividend? Wouldn’t that make more sense than a buyback that concentrates ownership and reduces liquidity?
Similar pattern with a number of ASX companies that have a level of concentrated ownership.
Preference for buybacks over dividends and decreasing liquidity (along with insto interest) over time
Decent profits from time to time that never seem to find a way to enrich small buy and hold shareholders
Haven’t seen the large acquisition of questionable value here yet but still plenty of time for that.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
26.5¢ |
Change
-0.005(1.85%) |
Mkt cap ! $312.5M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 27.3¢ | 26.0¢ | $413.3K | 1.539M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 338868 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 19998 | 1 |
View Market Depth
| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| MGX (ASX) Chart |