Just had a look at the latest report.
The decision to cut the dividend looks a good one. The money will be redirected to buy backs and bolstering the balance sheet. It gives them the ability to continue and perhaps ramp up the on market buy back . This should underpin EPS growth going forward along with the roll out of the new prodcts- currently growing at 40%+ and the gradual rolling off of the currency hedging to reflect the lower AUD
I know many are disappointing in the growth rate of the past few years, but the 2 biggest brakes to growth are currently coming to an end..namely car market turmoil and lower AUD
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Last
$1.70 |
Change
0.015(0.89%) |
Mkt cap ! $641.4M | |||
| Open | High | Low | Value | Volume |
| $1.68 | $1.70 | $1.68 | $549.9K | 326.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 536130 | $1.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 49995 | 1 |
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| Last trade - 16.10pm 11/09/2025 (20 minute delay) ? |
| IFM (ASX) Chart |