The total amount of the dividend is $43.6 million. The dividend has not been provided for in the Company’s 30 June 2014 financial statements.
1090.8 million share @ 46 cents = $501.8 million market cap.
$520 million cash backing from 30/6/14.
Subtract $43.6 million.
Total: $476.4 million.
Add 1st Quarter earnings and you'd get about $500 million in total. It's the same as the market cap, give or take a few million.
Either way, it means the enterprise is worthless according to the market. (Forget about the 8-9% divies!)
It's days like these that you can get yourself some great bargains, but do your own research.
;-)
Buy Cash at Discount, page-12
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32.0¢ |
Change
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Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 31.0¢ | $500.4K | 1.571M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 107146 | 32.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 60553 | 2 |
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