Excellent and doesn't mean a sale won't go ahead. It basically just frees up the balance sheet but the underlying assets (ex-cash) that generate the earnings remains, so if another company is looking at the business or parts of the balance they're probably looking at it on a cash-free, debt-free basis.
Hugely de-risks shareholders and I'll gladly bank the cash. Also puts a nice floor under the share price until it goes ex-return.
Ann: Return of Capital to Shareholders, page-3
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.1¢ | $17.83K | 1.489M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 9779926 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 697816 | 1 |
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| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
1.2¢ |
Change
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| Open | High | Low | Volume | ||
| 1.3¢ | 1.3¢ | 1.2¢ | 260099 | ||
| Last updated 12.47pm 04/06/2024 ? | |||||
| OEL (ASX) Chart |