isn't the decision whether to return money to shareholders as a divi or use the money to grow the company based on Return On Equity?
Like if it is less than what you would get in a bank say 5% then the company should return all profits as divi
If however it is greater than 5% then profits should be reinvested to back in the company to grow the business
well PLS book = $1.13
EPS = 15c (could be a lot less)
ROE =13%
So at a 13% return maybe earnings should be reinvested back in the business... maybe just. 13% is not that impressive.
any figure of 6 cents or less ie 5% and all earnings should go back to shareholders
Lithium mines that have closed or about to close, page-25
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