Fleetwood has a bank loan of $27m associated with the purchase of BRB Modular. This and FWD's plan to buy more assets means the dividend will not increase as quickly. The share purchase scheme at a 2.5% discount increases the number of shares in issue every year.
It would be better for Fleetwood to stop the share purchase scheme, keep more profits back and consider a share buyback scheme.
More assets should be purchased from profits not by Bank loans.
why the selling?, page-3
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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 |
