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?
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There are 760mill or so shares on issue. $180Mill in the bank....
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Last
$1.41 |
Change
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Mkt cap ! $1.313B |
Open | High | Low | Value | Volume |
$1.43 | $1.43 | $1.40 | $4.033M | 2.855M |
Buyers (Bids)
No. | Vol. | Price($) |
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12 | 56277 | $1.40 |
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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12 | 56277 | 1.400 |
10 | 56478 | 1.395 |
3 | 24649 | 1.390 |
3 | 38484 | 1.385 |
3 | 20255 | 1.380 |
Price($) | Vol. | No. |
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1.405 | 11390 | 1 |
1.410 | 18296 | 4 |
1.415 | 21649 | 2 |
1.420 | 97717 | 5 |
1.425 | 85891 | 5 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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