SRH 0.00% 5.0¢ saferoads holdings limited

Company last reported that :1.Reduced debt by a huge $4 000 000...

  1. buc
    7,930 Posts.
    lightbulb Created with Sketch. 11
    Company last reported that :

    1.Reduced debt by a huge $4 000 000 from a total debt of $ 11 000 000,which brings the debt level down to $7 000 000, a 35 % debt reduction in just 12 months.

    2.Expected profit $ 2 800 000 after tax.

    3.Even if the company paid half the profit expected of $1 400 000 in dividends, that would amount to about 5 cents/per share according to my calculations.

    4.Outstanding shares total 26 000 000

    5.which would amount to a 12% yield according to my calculations.


    6.What am I missing?


    DYOR
 
watchlist Created with Sketch. Add SRH (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.