Fair point that their stated dividend policy is still 50%-75% of NPAT. However I think there’s a reasonably high chance they post a negative NPAT for the full year. Even if they don’t, it would still seem reckless to me to pay out dividends when the company is in a net debt position, trying to integrate a poorly timed acquisition, and in the middle of a tough trading period seeing harsh double digit sale declines.
MHJ is a wonderful business & brand, but my goodness that acquisition last year was one hell of an almighty misjudgement
News: MHJ Michael Hill International Says For First 45-Weeks Sales Were Up 4.7%, page-41
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Last
58.5¢ |
Change
0.050(9.35%) |
Mkt cap ! $225.0M | |||
| Open | High | Low | Value | Volume |
| 54.0¢ | 58.5¢ | 54.0¢ | $92.09K | 162.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2221 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.5¢ | 5000 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| MHJ (ASX) Chart |