XRF
XRF
$3.91m for the 50% shares in O
Pinned straw:
$3.91m for the 50% shares in Orbis
XRF Scientific Ltd (“XRF” or “The Company”) is pleased to advise that it has exercised a Call Option to acquire the remaining 50% of Orbis Mining Pty Ltd (“Orbis”).
Resources generally trade lower at the moment.
XRF Return (inc div) 1yr: 20.42% 3yr: 45.31% pa 5yr: 53.52% pa
So XRF keeps on track.
ROA up
Net profit margin: 14.9%
Debt / Equity low - sustainable
Dividend pay out ratio ~ 50% very sustainable ( Telstra pays out 100% dividend !!!)
And probably increase the share of revenue+profits as well.
Weird having a stock outside the main all ords at the top of my holdings at the moment. But I can't see no reason to reduce either as gold prices head higher.
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