I agree, something may be behind the volume/price movement this afternoon. The dividend yield has been very good ( and that excludes franking credits) for quite a while now, yet the stock has not responded despite that treasure trove of cash in the bank ( $140 million I think). Can't understand why a full bid has not been made for the company, a cash grab whilst operationally it continues to keep on generating strong profits.
At current 23c the steady 2 c divvy represents 8.7% yield, and if you also collect the franking credits the grossed up yield is a 12.3% yield.
Pellet Price, page-612
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Last
23.5¢ |
Change
-0.005(2.08%) |
Mkt cap ! $266.1M | |||
| Open | High | Low | Value | Volume |
| 24.0¢ | 24.5¢ | 23.5¢ | $96.74K | 403.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 311733 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 11914 | 3 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| GRR (ASX) Chart |
