The annual report states that at the end of the 15/16 financial year, they had profit reserves of 6 million dollars. Not a lot! However, there will be earnings this year, as well as profit from the result of the AIO transaction which will at least guarantee dividends for the 16/17. The question to be answered is: where to from there? My guess is that dividends will be cut again. I foresee the next dividend being reduced from 5c to 4c. Not a great time to be cutting dividends when so many people are looking for income.
I also hold WAX with 51 million in profit reserves!! What's that say about management?
The annual report states that at the end of the 15/16 financial...
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Last
69.0¢ |
Change
-0.005(0.72%) |
Mkt cap ! $205.4M | |||
| Open | High | Low | Value | Volume |
| 69.5¢ | 69.5¢ | 69.0¢ | $176.1K | 253.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 27516 | 69.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 112903 | 3 |
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| Last trade - 15.58pm 12/09/2025 (20 minute delay) ? |
| CDM (ASX) Chart |