This is an unfortunate statement. You do not know this for sure at all.
It makes absolutely no sense to give a dividend to people or institutions that do not want to hold the shares.
You propose giving a 10c dividend to people trying to sell their shares at $1.5? That is madness.
10c is $25,7m which could take out 10m shares potentially.
Once the share price is more around a fair value range of greater than $3 then a dividend is perfectly acceptable.
Until that time, buy back shares!!!
Webinair, page-48
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Last
$1.58 |
Change
-0.015(0.94%) |
Mkt cap ! $405.9M | |||
| Open | High | Low | Value | Volume |
| $1.61 | $1.64 | $1.57 | $580.5K | 364.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9997 | $1.58 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 5953 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| KCN (ASX) Chart |