I know the company is focussing on delivering dividends for shareholders but to be honest I would probably prefer to do a share buy back similar to whitehaven coal.
With 10cents a share dividend, they are expecting to shell out around $79.4m (794,000,000 shares on issue-approx)
With $79.4 m, they can buy back around 122m shares at $0.65 cents. Obviously, if the price bounces back to $0.85 cents it's probably not worth it but clearly the market is pricing a ridiculously low pe to the stock and however long this last management should take advantage and eliminate some shares on issue.
I know the company is focussing on delivering dividends for...
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Last
24.0¢ |
Change
0.005(2.13%) |
Mkt cap ! $192.2M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.5¢ | $267.2K | 1.120M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 849465 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 293280 | 5 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
23.5¢ |
Change
0.005 ( 2.08 %) |
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| Open | High | Low | Volume | ||
| 24.0¢ | 24.5¢ | 23.5¢ | 606771 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| TER (ASX) Chart |