Companies should pay out capital if they have no better use for it or if they think they can invest and get a better return then they should withhold it. Given 4 of the top 5 largest shareholders are directors (Craig Mitchell holds under his name and Exxten Pty his family trust) you can assume they like a higher SP in the long run, but they cannot control market forces. Mount Gibson with 10% exercised their options at 25c with much more expiry left. If anyone wants a dividend stock go buy the banks - CBA is the most expensive bank in the world (no no growth prospects in this environment) but hey you get a dividend of just 3.3%......
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Price of Iron Ore, page-1791
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $183.7M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 24.5¢ | $196.7K | 784.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 106000 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 72218 | 3 |
View Market Depth
| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| FEX (ASX) Chart |