Moljoe I agree.
I suspect MAH dividends have been restrained while we use up Australian tax losses, and are unable to frank much.
This should change over coming year or two, given likely EBIT(A) over $100 million per annum, at which time MAH may well prove to be a strong franked dividend payor, IMO.
As anticipated, stock was seemingly sold down to facilitate an institutional crossing. Paradice has now confirmed it has added another 33 million odd shares.
Mick has indicated he hopes to land the 'exclusive' Batu Hijau extension of works before June, 2021. From the presentation, this looks like more than $1.5 billion in future revenues.
Tropicana extension (also preferred/exclusive) a year or so later then looks to be the cream on the MAH cake.
Moljoe I agree.I suspect MAH dividends have been restrained...
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Last
29.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $624.9M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.3¢ | 28.5¢ | $643.1K | 2.218M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 179222 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 292525 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MAH (ASX) Chart |