There are 760mill or so shares on issue. $180Mill in the bank. Around $100Mill per year free cashflow/profit. How much div would you expect?
For it to be material lets say 5%? That would roughly be $50 mill plus tax for 100% franked so possibly up to about $80mill. If that was paid every year there would be little expansion. If they did a one off, they cut their cash down to half and for what? 7.5 cents profit can be made in a weeks trading if one applies themselves. Any dividend would weaken the company more than the payout would be worth IMHO. Regardless that SLR doesnt pay a div, the stock is up over 50% in 6 months and probably be up another 33% in next 6 months. Isnt that worth holding regardless of divvies?
SLR Chart, page-272
-
-
- There are more pages in this discussion • 1,262 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
MTL
Mantle Minerals' Nick Poll talks to HotCopper on finding gold grades up to 3.57g/t at Mt Berghaus
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales