While they did have a net negative cash flow, their cash holdings was a bit over $5.3M. Paying out $0.549M in divvies is hardly going to break the bank! On past performance, only about half of this will be paid out in cash, the rest as a DRP.
Worryingly, however, is that the management do not believe there is a better use for that cash than giving it to shareholders. This business grows on seeing new niche investment opportunities. Right now, management cannot identify any!
Ann: Half Yearly Report and Accounts-HNG.AX, page-4
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Last
29.0¢ |
Change
0.010(3.57%) |
Mkt cap ! $106.0M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 28.5¢ | $19.76K | 68.44K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 22000 | 29.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 18000 | 1 |
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| Last trade - 13.38pm 27/11/2024 (20 minute delay) ? |
| HNG (ASX) Chart |
