SMH said it would come in at $240 million. Wrong. It is actually $264 million. The difference is that they are not going to payout a dividend above earnings so the divi has been reduced 8% from .339 to .31 which is incidently the predicted earnings per share. Great. I don't like companies paying out dividends more than earnings. In fact if a company is making more than bank interest I want the money reinvested in the company in the form of buy back or a wise core investment.
smh article was wrong...$264 million
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Last
$2.22 |
Change
0.025(1.14%) |
Mkt cap ! $8.759B | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.23 | $2.19 | $4.815M | 2.171M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 63 | 80731 | $2.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.22 | 294489 | 50 |
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| Last trade - 13.06pm 27/09/2024 (20 minute delay) ? |
| MGR (ASX) Chart |