With the turmoil in oil prices - I would suggest management could possibly conserve cash by halting dividend or reducing amount to shareholders
Day say they could announce this anytime and use excuse of above to do it
On another note - CEO continues to shy away from purchasing any stock in company. He has a history of obtaining performance shares and selling them immediately due to "tax issues".
When company hit lows around $1 mark - I thought it was a great buy. Maybe it will return to this in a few days time
The above is my opinion and should not be construed as investment advice
dividend payment off the cards???
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Last
$2.58 |
Change
0.020(0.78%) |
Mkt cap ! $977.8M | |||
| Open | High | Low | Value | Volume |
| $2.56 | $2.59 | $2.54 | $37.20M | 14.51M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1350703 | $2.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.60 | 67518 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| MRM (ASX) Chart |