I am not unhappy about CVN holding onto cash instead of paying dividends. It does not seem sensible to me to be paying dividends then having to obtain funds at bank loan interest rates or capital raising at discounts and dilution of share holding.
If people think that in the long term they can make better use of dividends than CVN then they should sell their entire holdings. Either you trust the CVN story to profitability and share growth in excess what you can earn in the bank (or elsewhere) or take your money to that other place. For now I am trusting CVN to deliver in the long term.
blinkers off, page-14
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $339.9M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.0¢ | $801.7K | 4.134M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1776385 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 114832 | 3 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |