Amazing, (This is Southern Cross Media today) "Despite profits sliding in the first half Southern Cross Media reinstated its interim dividend for the first time since 2019."
Imagine having a media company beat expectations, grow consistently, grow profit, pay down bad debt and STILL not pay dividends. This is the market sentiment towards SWM. Everyone else, even those in much worse positions are back to paying dividends but SWM won't even commit with clear information to investors. Are we using that cash for more M&A? Dividends? Stock buyback? A big party with cocaine and hookers? What is that cash there for?
SWM Price at posting:
63.5¢ Sentiment: Hold Disclosure: Held
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