Whats wrong with the dividends - I think fully franked 1.5c is effectively over 6% if the share price was 35c.
I dont think paying more will make any difference to share price rather think that a share buyback would work better.
Dont have to be a big one but in reality this share drifts down on very small volumes.
As they raised $6 million @ 37c I think paying 30c on market to buy back would be good for holders.
$aud, page-2
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Last
42.0¢ |
Change
0.005(1.20%) |
Mkt cap ! $695.2M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 41.0¢ | $40.47K | 96.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22784 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 607 | 1 |
View Market Depth
| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| PGC (ASX) Chart |