Hi W. My thought is that it depends on how the funds from the DRP were applied. If we assume that they were, essentially, excess funds then a (significant) proportion of such could have been used to retire debt. Such would have the fortunate effect of negating any ultimate dilution in DPS. I have no idea what the numbers were and how such funds were applied but retiring debt with equity isn't a bad idea. To me, no news has been good news. Anyway, any previous modest good news was totally ignored by the market. Cheers Keith
Dividend Concern?, page-4
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Last
41.5¢ |
Change
0.020(5.06%) |
Mkt cap ! $686.9M | |||
| Open | High | Low | Value | Volume |
| 40.0¢ | 42.0¢ | 39.5¢ | $800.1K | 1.961M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 134999 | 1 |
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| Last trade - 15.59pm 14/06/2024 (20 minute delay) ? |
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Last
41.0¢ |
Change
0.020 ( 3.85 %) |
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| Open | High | Low | Volume | ||
| 40.0¢ | 41.5¢ | 40.0¢ | 494448 | ||
| Last updated 15.52pm 14/06/2024 ? | |||||
| PGC (ASX) Chart |