@LachlanC95. I suspect that management will suspend (or at least reduce) the dividend until further notice in order to retain all available working capital until business conditions improve. The current $0.025 half yearly dividend is unsustainable IMO, as it would increase the likelihood of a CR at a later date.
I agree with your statement about consumer support.
Business conditions will only improve after consumer sentiment improves. Consumer sentiment will only improve after the RBA makes the first rate cut.
That's a lot of ducks to get in a row. I think the smart money will see that coming.
Either that or the market will over-react to the August report and present us with a buying opportunity.
@LachlanC95. I suspect that management will suspend (or at least...
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Last
$1.10 |
Change
0.005(0.46%) |
Mkt cap ! $68.49M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.11 | $1.08 | $297.8K | 272.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 23828 | $1.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 25000 | 1 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| DSK (ASX) Chart |