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
Company last reported that :1.Reduced debt by a huge $4 000 000...
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Last
8.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.714M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17158 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.4¢ | 67151 | 1 |
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| Last trade - 10.00am 07/07/2025 (20 minute delay) ? |
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