GMA is an asset play. Currently, there is no expectation of any growth in the underlying business. However, this means that the company does not need to retain any part of earnings and can distribute all available free cash flows to shareholders either by way of fully franked dividend or share repurchases. Further, the lack of growth means that the company can return the considerable amount of capital held in excess of the target level above minimum regulatory requirements to shareholders by way of share repurchases (which it has been doing).
Look for share repurchases to resume after the results announcement.
GMA, page-7
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Last
$3.95 |
Change
-0.050(1.25%) |
Mkt cap ! $1.142B | |||
| Open | High | Low | Value | Volume |
| $3.93 | $3.98 | $3.92 | $1.725M | 436.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 970 | $3.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.95 | 4759 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| HLI (ASX) Chart |