I think the smarties have worked out here that there won't be any dividend this year as there won't be any more profit(before D&A) in the current six months than those carry forward tax losses at 31Dec23 of $114mil so they'll be no tax payable this FY.
Updating the current quarter's cashflow schedule that currently shows profits(before D&A) of $58mil and you would expect less next quarter due to lower current prices will be applicable for the full June quarter and it hasn't helped sentiment that they're now predicting only 12 ships for the June quarter.
I think the smarties have worked out here that there won't be...
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Last
42.5¢ |
Change
-0.005(1.16%) |
Mkt cap ! $516.3M | |||
| Open | High | Low | Value | Volume |
| 43.0¢ | 43.5¢ | 42.5¢ | $306.8K | 713.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 214897 | 42.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 2695 | 1 |
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| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
42.5¢ |
Change
-0.005 ( 1.16 %) |
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| Open | High | Low | Volume | ||
| 43.0¢ | 43.5¢ | 42.5¢ | 248130 | ||
| Last updated 15.57pm 30/05/2024 ? | |||||
| MGX (ASX) Chart |