the yield is good in the 1st half 5.5c divi but because they don't make much profit in the second half the next 2nd divi is only expected to be the same as last year. 4c. I think investors have lost patience with this one, knowing the 2nd half will not be good and will have to wait for next years interim report in Feb to find out if a turnaround is happening. Continued selling in the next 2 mths with this one as some investors like to get rid of stocks that dissapoint at this time of year to offset the tax they pay on there gains.
MRL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held