Surely the best option is to pay surplus cash as a special dividend if there's limited options to deploy it at an attractive return on investment. Looking through their balance sheet at the half they've got 142m cash and a further 50m in term deposits for a total of 192m in cash. Even if they want to keep 30m in cash for payables or provisions they would have ~160m of cash available. This equates to 0.27c per share.
Cheers,
Plague.
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$1.05 |
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Mkt cap ! $611.2M |
Open | High | Low | Value | Volume |
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22 | 73182 | 1.040 |
21 | 131359 | 1.035 |
8 | 58885 | 1.030 |
8 | 193856 | 1.025 |
Price($) | Vol. | No. |
---|---|---|
1.050 | 72376 | 25 |
1.055 | 43907 | 16 |
1.060 | 44905 | 12 |
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