A 1.5c Fully franked dividend over the last 12 months on a share price of 0.25c equates to a 6% yield
This price makes no sense if the business is on target to meet its EBIT forecasts and does achieve that dividend at an EBIT pay out ratio of sub 50% .
An industrial company at the early stages of its growth potential that is paying out a 6% FF yield just shows how tough this market is for small caps that raise money with institutions that sell and turnover their holdings just for something to do .
I Will be definitely taking up the reinvestment option for sure , and add further to my holdings as I did today when hubby called and said the stock was 24/25 if this price range continues .
Just trying to find something else to sell to buy more again Monday
PGC Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)