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80.0¢ cryosite limited

Have a feeling they won’t to encourage more people to sell. Hope...

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gmac55

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08/07/21

21:30

Post #: 54382781
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Originally posted by Medify: ↑

Will Cryosite resume paying dividends? We'll know next month.

The last time the Sydney-based cold-chain logistics group paid a dividend was in March 2017. The rate was half a cent a share. The payout totalled $235k.

The half yearly results back then included turnover of $5.1m, net profit of $253k and cash of $4.1m.

On February 25 this year, CTE reported half yearly turnover of $4.95m, net profit of $285k and cash of $4.3m.

Directors would have considered declaring a dividend. They didn't.

Instead, they launched a share buy-back scheme. Soon after, they called it off without buying a single share.

And since then director Andrew Kroger has resumed hoovering stock.

He's outlaid more than $500k on building his equity to 43%.

Of course, Andrew Kroger would know now whether the group will declare a dividend at the end of August. Others can only speculate.

I'll take a punt. Assuming Cryosite scores an improved second half result - as forecast - I declare now that Cryosite will next month declare a dividend...albeit a modest half a cent.

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Have a feeling they won’t to encourage more people to sell. Hope you are right.

CTE Price at posting: 39.0¢ Sentiment: None Disclosure: Held
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Last 80.0¢		Change 0.000(0.00%)		Mkt cap ! $39.04M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	1298	89.0¢

Sellers (Offers)

Price($)	Vol.	No.
$1.30	6309	1

View Market Depth

No.	Vol.	Price($)
1	1298	0.890
1	300000	0.880
3	711	0.800
1	1277	0.750
1	1369	0.725

Price($)	Vol.	No.
1.295	6309	1
1.300	12037	1
0.000	0	0
0.000	0	0
0.000	0	0

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