On 11:59 AM 2/11/2001 +1200, Steve Baldwin said: > > This intrigues me - why does a stock price have to move? A stable > > stock price with a reasonable PE ratio may be the sign of a stable > > company. Seems to me the idea of share prices having to move is a > > recipe for short-term rather than long-term financial management. I > > thought that the tech bubble popping had dispelled some of this > > growth-over-dividend baloney. > >I may be wrong here (and I'm sure I'll be corrected), but I think this >may be a difference between the US stock/share business model >and the Aus/NZ way of doing things. > >My understanding is that the dividend doesn't exist in the US. You >buy stock at the current price and only make a gain when you sell >it at (hopefully) a higher price.
Aaaah! That explains some stuff then. But Altium is listed on the ASX so it should be judged by the standards in use in the right-side-up part of the world, you know, that bit that gets to see the Milky Way properly. Last dividend was 4.5c fully franked paid on 19/10/01 with current share price of about $4.35. Total dividends for the year are 8c but 3.5c of this is not franked. Is this good or bad? Thanks for the info, Ian PS - I wonder if the Forum Admin is going to start slapping wrists as this ATS discussion is outside the intention of forum? :-) * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * To post a message: mailto:[EMAIL PROTECTED] * * To leave this list visit: * http://www.techservinc.com/protelusers/leave.html * * Contact the list manager: * mailto:[EMAIL PROTECTED] * * Forum Guidelines Rules: * http://www.techservinc.com/protelusers/forumrules.html * * Browse or Search previous postings: * http://www.mail-archive.com/[email protected] * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *
