On the face of it FEX could look to bank the current market cap in cash with a full year of trading. So an annualised dividend of $0.15 is entirely possible. If that is the case I would say a dividend yield calculation could be used to value the company and a price of $0.80 is also possible. That would set the dividend at a rate of 18.75% p.a. which is a very big return on investment. Much better than any interest bearing investments and most rental properties.
Just my ramblings and why I've decided to buy in now.
On the face of it FEX could look to bank the current market cap...
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Last
39.0¢ |
Change
0.010(2.63%) |
Mkt cap ! $267.4M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 38.5¢ | $358.2K | 928.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 119604 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 260700 | 8 |
View Market Depth
| Last trade - 13.10pm 25/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |