My bet was that the main shareholder will want some shopping money. The 6 cents dividend has played this thesis out.
In terms of business environment, there is some evidence of housing and construction recovery, and coal and mining services are also pass, IMO, the low point. Electricals should be doing well next year, and if so, I would think the shopping money will be increased, since they are now debt free.
Are you at liberty to say why you think a significant recovery is possible from CMI Industrial? Quite a chunk there, and together with franking credits, there is quite a bit of hidden value.
Cheers.
great result & dividends are back!, page-4
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Last
$3.11 |
Change
-0.030(0.96%) |
Mkt cap ! $91.04M | |||
| Open | High | Low | Value | Volume |
| $3.14 | $3.14 | $3.11 | $9.998K | 3.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6214 | $3.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.29 | 1415 | 1 |
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| Last trade - 12.13pm 11/11/2024 (20 minute delay) ? |
| ECL (ASX) Chart |