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08-05-2013, 11:03 AM
(08-05-2013, 10:20 AM)smallcaps Wrote:(08-05-2013, 10:03 AM)dydx Wrote: If Stephen Tay had borrowed some $6.5m to fund his last unsuccessful privatisation GO exercise, apart from his annual salary and performance bonus entitlements, how else is he going to take out money from Eastern Holdings' huge and growing cash reserve to help repay his loans, other than having the company pay out a big enough dividend? Therefore, I think it is a reasonable expectation. No?
I think either way it means he wouldn't wait too long to make his move...
no disagreement on whether he will take out cash via dividends. The issue is BEFORE or AFTER he privatise EHL.
Even at 50% premium to 18 cents (27 cents) , the profit incentive is another $5m into the pocket.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster