Dividend Policy is 75% of NPAT.
Assuming they hit EBT of $4.5m / NPAT $3.4 per qtr which equates to $13.5m for FY24, that is $10m of dividends or 4.6cents per share - yes i rechecked it... that is 13% yield.
Everything from the annual meeting and the q1 report signals they should improve on the 4.5m EBT, but conservatively i'm keeping it flat (ie higher reset pricing, moderating inflation, reducing depreciation and debt servicing costs).
I guess best to continue the buyback as there is no point paying 13% div yield....
Dividend Policy is 75% of NPAT.Assuming they hit EBT of $4.5m /...
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Last
37.0¢ |
Change
-0.010(2.63%) |
Mkt cap ! $79.10M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 37.0¢ | $73.17K | 196.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5924 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 50000 | 1 |
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| Last trade - 14.37pm 04/10/2024 (20 minute delay) ? |
| MSV (ASX) Chart |