You are on drugs I’m afraid-buy the banks. At a dividend rate of a measley 2.5% I think that works out to an implied SP of $16- ain’t gonna happen. Not to mention having to absorb all prior year tax losses before paying any tax & then to generate enough taxable profit to pay tax to allow franked dividends to be paid. Be also mindful that paying of dividends is a sign that the growth phase has ended.
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Last
3.2¢ |
Change
0.001(3.23%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.2¢ | 3.2¢ | 3.2¢ | $339.5K | 10.61M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 36 | 8010726 | 3.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 577671 | 2 |
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| SYA (ASX) Chart |