IMO it's a very good bet right now. Might look to add more holding depending on what price it opens tomorrow.
Only downside, you lose 10% down back to AU$5. Upside is easily 30%+ in the next few months.
The constitution states the dividend policy. 50% of NPAT or FCF, whichever is higher, and if directors deemed the company's balance sheet is sound, an extra >25% NPAT payout.
Have a read at the definition within the constitution. We could be looking @ 20%+ dividend yield in 2022. So my 30% upside is very conservative.
IMO it's a very good bet right now. Might look to add more...
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Last
$6.81 |
Change
0.070(1.04%) |
Mkt cap ! $8.992B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.87 | $6.71 | $10.50M | 1.544M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 6043 | $6.78 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.82 | 30193 | 2 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| YAL (ASX) Chart |