If u look at the companies year to year performance over a 5 - 10 year period then it's evident that the returns to shareholders are to low for this to be investment grade and on top of this management is a wealth destroyer of shareholder funds.
Therefore it makes it impossible for the company to deploy retained earnings wisely i.e. you should basically ask management to pay all earnings out as a dividend in future years if they are still around and able to generate a cash flow as there is no value in holding these shares over a longer term as evident in the companies historicals and cash flow statements.Concur with buffett on this one.This is for the punters.Anyone's guess where the sp is headed.
If u look at the companies year to year performance over a 5 -...
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Last
$8.28 |
Change
-0.080(0.96%) |
Mkt cap ! $1.303B | |||
| Open | High | Low | Value | Volume |
| $8.41 | $8.41 | $8.23 | $7.622M | 917.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1101 | $8.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.29 | 18324 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| ELD (ASX) Chart |