NeraTel just released it Q2 results yesterday.
Surprisingly, they are giving 2.5cts interim dividends.
Q2 NP of 3.9mil is an improvement compared to Q1 3mil but half-year NP of 7mil is less than half of the FY2013/2014 NP of of 16mil (exclude the one-off from NeraTel malaysia).
That 2.5cts div will cost them 9mil which is more than the half year NP of 7mil. After payment cash remaining will be about 9.2mil compared to existing debt of 10.6mil.
Not sure why they are paying 2.5cts instead of the usual 2cts. This set an expectation of at least 2.5cts final div. Is the parent coy squeezing NeraTel CF or they are very confident that the next 2 quarter NP will increased?
Surprisingly, they are giving 2.5cts interim dividends.
Q2 NP of 3.9mil is an improvement compared to Q1 3mil but half-year NP of 7mil is less than half of the FY2013/2014 NP of of 16mil (exclude the one-off from NeraTel malaysia).
That 2.5cts div will cost them 9mil which is more than the half year NP of 7mil. After payment cash remaining will be about 9.2mil compared to existing debt of 10.6mil.
Not sure why they are paying 2.5cts instead of the usual 2cts. This set an expectation of at least 2.5cts final div. Is the parent coy squeezing NeraTel CF or they are very confident that the next 2 quarter NP will increased?