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
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Last
$1.41 |
Change
-0.020(1.40%) |
Mkt cap ! $1.313B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.43 | $1.40 | $4.033M | 2.855M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 56277 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 11390 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.41 |
Change
-0.020 ( 1.36 %) |
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| Open | High | Low | Volume | ||
| $1.42 | $1.43 | $1.40 | 958941 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| SLR (ASX) Chart |