This seems a pretty weak argument in the case of City Chic.
Aust Super, for one, doesn't appear fazed by the lack of dividend as they hold over 7%.
Allowing for the onslaught of the virus, the "gyrations of the price" resembles the slope of Mt Fuji rather than a roller coaster.
Specialty Fashion Group's only attraction was its dividend. Any CCX shareholder who experienced SFH's near collapse would not want to swap City Chic's growth for even a token pay-out. Some of us were able to buy (or add to) Specialty at less than 12 cents in December 2017.
Young'uns probably can't remember back that far.
To dividend or not to dividend?, page-15
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Last
13.0¢ |
Change
-0.005(3.70%) |
Mkt cap ! $50.07M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 12.5¢ | $60.34K | 458.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 313 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 20000 | 1 |
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