Onthehouse Ltd surprises

Management got away with cutting its dividend due to better than expected earnings and strategic deals with CBA and Westpac.

Online real estate company Onthehouse Holdings (OTH) is a rarity on the market. This isn’t about its product offering but the fact that is has managed to get away with cutting its final dividend.

The stock surged 10.4% to a near four-month high of 53 cents, making it the best performer on the Uncapped 100 this morning.

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