FWIW this business is in a capital intensive industry, competitive, structural headwinds for parts of it, and make acquisitions.
Given these characteristics I don't understand why they maintain a high dividend payout ratio.
IMO this is a recipe for longer term value destruction - all will be fine until aspects of the cycle turn against them and they will be forced to raise capital to lower debt at a much lower share price.
All speculation and my opinion, and might not happen for years. However I can't see any other long term outcome unless they change strategy.
FWIW this business is in a capital intensive industry,...
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Last
$2.18 |
Change
0.000(0.00%) |
Mkt cap ! $323.7M | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.19 | $2.15 | $215.0K | 99.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 14694 | $2.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.18 | 749 | 1 |
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| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| IGL (ASX) Chart |
