Metro Holdings

[GFG]

half year profit of 6.7cts.

It seems that 6cts dividend could still be maintained?

Metro holding had pay down its debt.. and thus free from interest risk

If I am not wrong, the 6.7 cents is for the quarter in 3QFY2016. For 9MFY2016, the patmi is S$111.975 mil or EPS of 13.52 cents. As for dividend, 6 cents of dividend will probably maintain.

Jopie Ong was paid for  S$8.146 mil in Fy2015 and with his demise there might be shareholders hopes for higher dividend paid out.

Yes, the earnings for 9mths is 13.52 cents
The dividend of 6 cents will likely be maintained as metro is currently very cash rich.
With the sale of the Frontier Building in japan, the bank loans are all wiped off.

Jopie Ong always paid himself very high, but now it remains to be seen if the new MD will be paid just as handsomely.
There is also a risk that metro might find future deals limited. I suspect JO was central to all the deals with his contacts, with his demise, it is a risk that the goodwill is lost too.

<Vested -350 lots>