If @doncamilo's potential prospective earnings of AUD$60 million plus is correct, then 20 cents per year of dividends would be an 86% payout ratio. A bit too much when allowing for buybacks, drilling to further work out resources in Thailand, Nueva Esperanza development and contingency allowance. 15 cents appears to be more realistic and still a great outcome. (Maybe 20 cents per year after another year).
Also, not sure when debt will be fully paid off. I would not like to see dividends until we're totally debt free.
The positive in the works is any decent TAFTA payout. Maybe then a special dividend would be in order.
Kingsgate (KCN) – First Dividend Incoming? Major Value Unlocked in 2025 !, page-5
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Last
$2.44 |
Change
0.030(1.24%) |
Mkt cap ! $628.9M | |||
| Open | High | Low | Value | Volume |
| $2.46 | $2.48 | $2.42 | $4.136M | 1.691M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 187776 | $2.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.45 | 21895 | 1 |
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| Last trade - 16.10pm 16/06/2025 (20 minute delay) ? |
| KCN (ASX) Chart |