I read in the AFR that the average price (ex-shipping costs) went from $94 a tonne to $100 a tonne, which was regarded as a disappointment. Previously management said this figure was higher but in this report it was explained away as due to penalties for inpurities of alumina and silica.
Half a billion in cash and term deposits burning a hole in their pockets. But this fixation with dividends astounds me. Look at SUN today, up 3% on a pretty lousy result (ex general insurance). A lot of these dividends are not even paid out of profits but rather assets sales (ie. less money invested in the business), and some of these dividends are not even franked.
What are the chances of a share buyback or acquisition?
I sold at $1.04 a few weeks ago but looking to buy back in. If they did more things the conventional way it would restore confidence.
sp dive, page-28
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $364.5M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.0¢ | $142.0K | 473.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 144709 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 27772 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MGX (ASX) Chart |