The dividend will get hammered unless they try and fund it via debt which seems to be what they did in the half yearly.
A lot of people (myself included) were in this for the high dividend, turned out to be a trap in this case. I suspect it will drop further over the next few days, below $5. Even at $5 the PE would be around 27 so still looking expensive.
what happened, page-15
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Last
$1.98 |
Change
-0.025(1.25%) |
Mkt cap ! $170.3M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.03 | $1.96 | $343.9K | 173.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $1.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 13463 | 1 |
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| Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
| FWD (ASX) Chart |
