A higher yield is generally compensation for the fact a stock has minimal growth prospects.
This appears to be the case for Millers. Their last 6 months was flat on the p.c.p. - this at a time when retail spending is going ahead gangbusters.
Problem is that the market sectors in which Millers operate is extremely competetive, and there is no sign of this trend easing.
Very good chance Millers have continued to suffer margin loss, and most likely this current half will be disappointing.
6 1/2% yield will not support the share price if they come out with (another) profit warning before the next reporting date.
A higher yield is generally compensation for the fact a stock...
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Last
30.0¢ |
Change
0.005(1.69%) |
Mkt cap ! $123.3M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 30.0¢ | $32.72K | 109.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2006 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 27482 | 1 |
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| Last trade - 11.41am 04/12/2024 (20 minute delay) ? |
| MRL (ASX) Chart |
