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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Mkt cap ! $7.871B | |||
| Open | High | Low | Value | Volume |
| $2.01 | $2.01 | $1.99 | $14.82M | 7.425M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 122207 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.00 | 38053 | 2 |
View Market Depth
| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| $2.01 | $2.01 | $1.99 | 1960396 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| MGR (ASX) Chart |