If only it was that simple - announce a dividend and become a market darling. A dividend to be taken seriously would have to sustainable and likely to grow .... SLR cannot yet meet that basic requirement.
SLR in the first instance must grow its profits and cash reserves, and hopefully, its production rate & efficiency, to increase its corporate appeal, as its best chance of a re-rate must surely come from a very substantial increase in its market cap, and this can only be achieved by a takeover or merger.
Obviously, such corporate action would have to be of good quality to pass muster. If a merger isn't synergistic, then it will likely create more problems than it solves ..... some see SLR as a duck .... calm on the surface, but paddling furiously underwater .... others as a dead duck that merely keeps afloat.
Len baby, time to show us what you can do.
Yesterday's SP action looks interesting .... not enough volume to draw any firm conclusions.
SLR Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
