I personally think the issuance of the dividend is part of the negative sentiment currently.
With 80% held by insiders, it was just wealth transfer from company coffers to company insiders. That cash would be far better as working capital, or in situations like now where the price is seemingly undervalued, for share buybacks. The fact that there was some ** from insiders re the dividend would suggest I'm not alone.
Further dividends is the last thing I'd like to see.
I'm not calling for the CEO's head either. Share price aside, other than the dividend and some internal discontent, there's no evidence he's doing a poor job.
I personally think the issuance of the dividend is part of the...
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Last
9.4¢ |
Change
-0.002(2.08%) |
Mkt cap ! $54.13M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 9.4¢ | $53.96K | 549.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 548 | 9.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.0¢ | 129235 | 3 |
View Market Depth
| Last trade - 15.59pm 07/06/2024 (20 minute delay) ? |
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Last
9.7¢ |
Change
-0.002 ( 3.19 %) |
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| Open | High | Low | Volume | ||
| 10.0¢ | 10.0¢ | 9.4¢ | 197479 | ||
| Last updated 15.58pm 07/06/2024 ? | |||||
| VIT (ASX) Chart |