A2M 2.13% $5.97 the a2 milk company limited

By January probably 900m in the bank AFTER Mataura and still no dividend- inexcusable!

  1. 4,864 Posts.
    lightbulb Created with Sketch. 2133
    Guys
    Taking the rate of cash accretion at A2M even after the 287m for Mataura and 30 million for Victoria, there will still be nearly 900m in the bank in January and STILL NO DIVIDEND.
    This is inexcusable for two reasons.
    1. Shareholders have a right to the wealth which is sitting in the bank with negative real returns. This is neither efficient nor equitable.
    2. Paying good dividends helps "derisk" the share price from short raids and sudden sales by professional investors because the running yield remains attractive and is a hedge against speculative short attacks.

    I urge you all to write to the company demanding a dividend or a share buyback, both of which will enhance the capital value of the shares far quicker than the negative real returns from the bank.

 
watchlist Created with Sketch. Add A2M (ASX) to my watchlist
(20min delay)
Last
$5.97
Change
-0.130(2.13%)
Mkt cap ! $4.315B
Open High Low Value Volume
$6.03 $6.06 $5.95 $14.94M 2.493M

Buyers (Bids)

No. Vol. Price($)
1 7385 $5.96
 

Sellers (Offers)

Price($) Vol. No.
$5.97 30482 4
View Market Depth
Last trade - 16.10pm 01/05/2024 (20 minute delay) ?
Last
$5.97
  Change
-0.130 ( 2.04 %)
Open High Low Volume
$6.02 $6.05 $5.95 1171127
Last updated 15.59pm 01/05/2024 ?
A2M (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.