Laugh at when I see posters make comments as I have seen here over the past few weeks.
Anyone out there would have seen today's announcement and comments by the ANZ results and just seen an insight into how tough certain segments of the Australian market are now and moving forward into the future.
Stat profit after tax down 7% and dividend flat compared the the pcp. And do you think the market will be willing to continue to pay high prices for stocks with a flat divided growth and decreasing profits?
More than happy for management to invest in marketing to grow global recognition and revenue as long as the company keeps hitting solid ROI's. Hence why we saw the company pull out of the UK market to focus on the two largest consumer markets in the world.
Maybe one day a2m will start to pay out dividends but I only hope for when the time is right for the company and not when it is right or expected by institutions.
GLTAH and DYOR
High Risk Warning, page-25
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$6.25 |
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Mkt cap ! $4.525B | |||
| Open | High | Low | Value | Volume |
| $6.24 | $6.77 | $6.05 | $29.65M | 4.654M |
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| No. | Vol. | Price($) |
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| 1 | 152106 | $6.56 |
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| $6.00 | 370 | 1 |
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