I believe that the "profit reserve" is not an allowance kept totally in cash. Much or some of it will be invested and cannot be used totally for paying large dividends without selling down some of the LIC investments.
Michael
I believe that the "profit reserve" is not an allowance kept...
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Last
$1.12 |
Change
-0.015(1.32%) |
Mkt cap ! $288.0M | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.13 | $1.11 | $78.9K | 70.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2872 | $1.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 1363 | 1 |
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| Last trade - 15.52pm 27/09/2024 (20 minute delay) ? |
| PIA (ASX) Chart |