You won't find children's chocolate retailer Yowie in an MBA student's textbook on how to run a successful public company. The shares are down 95 per cent since 2016, and the company consistently incinerates cash.
Its latest strategy is to pay out $US5.7 million ($8.7 million) of its remaining $US11 million cash balance via a 4¢ per share return to shareholders on the register as of June 30, 2020. This follows a 2¢ per share return in November 2019.
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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com
