Since we are growing, dividends would not be a good use of...

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larrygerry

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22/07/25

00:36

Post #: 79889099
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Originally posted by Little T: ↑

I thought I would start another thread expressing my opinion on the advantages of a dividend reinvestment plan for NEU .
1. The company has over $80 million dollars in franking credits locked up .
2. The normal discount on dividend reinvestment plan is between 1and 5%.
3. What I am suggesting the company consider a special once off dividend to use the franking credits and give the shareholders the opportunity to get a cash dividend or dividend reinvestment plan at say a 2.5% discount to the current price .
4 Based on today’s price of $15.17 the discount would be approx 37 cents so the shares would be issued to the shareholders at $14.80 .
5.Shareholders would unlock the franking credits and tax would be mostly paid on the dividend.
6.I for one would reinvest my potential dividend in NEU and not take the cash .

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Since we are growing, dividends would not be a good use of resources.

NEU Price at posting: $15.17 Sentiment: Hold Disclosure: Held
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(20min delay)
Last $15.62		Change 0.450(2.97%)		Mkt cap ! $1.937B

Open	High	Low	Value	Volume
$15.35	$15.68	$15.24	$2.912M	187.7K

Buyers (Bids)

No.	Vol.	Price($)
4	467	$15.60

Sellers (Offers)

Price($)	Vol.	No.
$15.62	11170	8

View Market Depth

No.	Vol.	Price($)
6	690	15.580
8	1053	15.570
10	1506	15.560
8	1471	15.550
11	1591	15.540

Price($)	Vol.	No.
15.600	63	3
15.620	12825	6
15.630	10129	6
15.640	1180	7
15.650	980	4

Last trade - 11.37am 22/07/2025 (20 minute delay)

NEU (ASX) Chart

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