Not everyone is looking at FEX as a five year (or longer) play. To me they could do both.
A 5% yield is currently $0.02 per share. With 470m shares on issue, that would only cost them $10m still leaving ~$90m to play with. Similarly, they could pay a 10% divi, it would only cost $20m and they'd still have $80m to play with for expansion. I think paying a dividend would attract a large number of potential new shareholders, especially retirees who want yields and growth.
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Last
26.5¢ |
Change
0.005(1.92%) |
Mkt cap ! $190.9M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.5¢ | 25.5¢ | $347.8K | 1.327M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 240502 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 155900 | 5 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| FEX (ASX) Chart |