Not sure if they have enough cash for dividends - but agree that it would support a higher SP.
At the moment, I would like the cash to grow to cover contingencies. $100mil plus would be the base line level for dividends IMHO. Cash reserves are important for a growing company - even setting up a new plant in Europe or India would require lots of cash. Strong point for VMT is the no loans liability..
Is the Soco merger/acquisition still on? Money would be better spent there.
Not sure if they have enough cash for dividends - but agree that...
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.72M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.5¢ | $87.02K | 600.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 180000 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 966663 | 7 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
14.8¢ |
Change
0.000 ( 1.67 %) |
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| Open | High | Low | Volume | ||
| 14.5¢ | 14.8¢ | 14.5¢ | 53320 | ||
| Last updated 15.34pm 14/06/2024 ? | |||||
| VMT (ASX) Chart |