Galore777, I feel your pain. Still, I expected only 1cps, because DNA swallowed a whale this time last year and has a huge debt to pay down. So best that they direct FCF to pay down debt. In fact, the DNA report is upfront on its dividend vis business strategy -- DNA is in a growth phase and the lower dividend reflects that. Even so, expect 1cps minimum every 6 months, which is about 4% (although unfranked due to foreign income)at current sp.
I do believe that DNA's board should consider a share buyback if finances allow and if the sp remains low. A buyback won't necessarily raise the sp (it might provide a floor to some extent), but it would be prudent use of FCF due to undervaluation of DNA in the market.
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Galore777, I feel your pain. Still, I expected only 1cps,...
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3.1¢ |
Change
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Mkt cap ! $38.29M |
Open | High | Low | Value | Volume |
3.1¢ | 3.1¢ | 3.1¢ | $7 | 240 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 200000 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.1¢ | 127232 | 2 |
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No. | Vol. | Price($) |
---|---|---|
3 | 200000 | 0.029 |
3 | 476000 | 0.028 |
1 | 100000 | 0.027 |
1 | 30000 | 0.026 |
1 | 20020 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 127232 | 2 |
0.032 | 43080 | 2 |
0.033 | 112500 | 1 |
0.035 | 526666 | 3 |
0.036 | 237449 | 2 |
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