Where would they get the cash to pay a 'special dividend'?
From their half year report, they only had $1.7m in cash, not very much in my books. Plus, the cash flow statement shows, if they hadn't borrowed money to basically pay the dividend, well, there would not have been a dividend, and they would have had no cash!
I think they just need the cash to bolster the balance sheet, as it really wasn't as good as they said.
Where would they get the cash to pay a 'special dividend'?From...
Add CWP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.90 |
Change
0.020(0.41%) |
Mkt cap ! $403.8M | |||
| Open | High | Low | Value | Volume |
| $4.86 | $4.94 | $4.85 | $378.0K | 77.26K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10902 | $4.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.99 | 65 | 1 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| CWP (ASX) Chart |