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....
Ann: Update - Notification of buy-back - MSV, page-7
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Last
42.0¢ |
Change
0.020(5.00%) |
Mkt cap ! $89.70M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 42.0¢ | 39.5¢ | $26.95K | 67.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | 40.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 33924 | 2 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
41.0¢ |
Change
0.020 ( 3.80 %) |
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| Open | High | Low | Volume | ||
| 40.0¢ | 41.0¢ | 40.0¢ | 12962 | ||
| Last updated 15.37pm 10/05/2024 ? | |||||
| MSV (ASX) Chart |