And regarding the dividend...with 65 million shares the company needs $975,000 net profit to pay a dividend of 1.5 cents per year. If the estimate of $2 million profit from the motley fool article is correct - after a full year contribution from LRI and RM - they will have earnings per share of around 3 cents. That should comfortably cover a dividend of 1.5 cents with another $1 million to reinvest in the business. I see PGC fairly priced at around 40 cents.
And regarding the dividend...with 65 million shares the company...
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Last
41.0¢ |
Change
-0.005(1.20%) |
Mkt cap ! $678.6M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 41.5¢ | 40.5¢ | $235.9K | 573.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 508554 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 41.5¢ | 63910 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| PGC (ASX) Chart |