HupSteel

[paullow]

Hi Underdogger,

A point to add, if the much awaited special dividend from NT does not happen, I think it would not be unreasonable to draw parallel to the same outcome even if the value of the ppties in NT are unlocked.

For HSH, look at the dividend payout ratio, sometimes it exceeds the eps and payment is from its cash horde.

For NT, should this special dividend not be paid, unless they come up with a good explanation for hording cash, I don't think it is just fair for the minority shareholders just receiving that 1.5-2c dividend year after year when you know the real deal behind this.

Based on that, decide which company thinks of the welfare of the shareholders more. And if unlocking happens, the shareholders of which company are more likely to benefit from that.

I think the answer should be clear.