26-03-2020, 01:56 PM
Bonvest
26-03-2020, 02:23 PM
Some more, 1c div only require $4.01m
and Henry Ngo already controlled 83.3% (335m out of 401m IssShrs), and been busy buying more from open market. he could also have graciously forgo his portion of div, and let the remaining "17% minorities" take their 1c esp. since Div already been announced in the Q4 results released on 28Feb, and some shrhldrs decisions(buy or hold) could already have been acted upon, based on this announcement of a 1c div payout in the Q4 results. NB: I'm Not vested (... except for a forgotten 100 shares. from ages gone by)
26-03-2020, 03:00 PM
Exactly, at 1.2 range I won't have bought the shares, now below 1 and the announced proposed 1cent, I could have bought it acted on it based on public disclosure, and now sudden u-turn after so many days of trading
Sgx should consider prescribing rules over this resolution agenda eg dishing a range of proposed dividends 0cent, 0.5 cent or 1cent for this case so that Mr ngo could have perhaps proposed 0.5cent instead of kosong for the profitable 2019
26-03-2020, 05:25 PM
(26-03-2020, 01:43 PM)ghchua Wrote:(26-03-2020, 11:44 AM)opmi Wrote: The final div is usually approved via a resolution at the AGM. If it is not approved, just need to remove their resolution can already. Is this unprecedented? Shall the recission be approved by the SGX? I'd have thought that the dividend is meant for the last financial year.
26-03-2020, 05:50 PM
(26-03-2020, 05:25 PM)Shiyi Wrote:(26-03-2020, 01:43 PM)ghchua Wrote:(26-03-2020, 11:44 AM)opmi Wrote: The final div is usually approved via a resolution at the AGM. If it is not approved, just need to remove their resolution can already. As at close of today, the sgx website still showing X-day 8 may 2020bfor the one cent dividend, a good two days after the rescission announcement
26-03-2020, 05:54 PM
(26-03-2020, 01:56 PM)Vseeker Wrote:(26-03-2020, 01:03 PM)pianist Wrote: This is a bad precedence, imagine all companies follow suit to not fairly reward stakeholders for the better 2019 performance First it was Eagle hospitality trust. Now this one. Other co will sure follow. I remember asking for water used to be free in all restaurants in spore. After hong kong restaurants came here, they brought along their culture and started charging for water. Within a few years, almost all restaurants followed.
26-03-2020, 07:44 PM
https://sg.yahoo.com/news/one-person-res...45718.html
Their commercial property on fire yesterday, hmm,
26-03-2020, 08:44 PM
(26-03-2020, 05:54 PM)Bibi Wrote:(26-03-2020, 01:56 PM)Vseeker Wrote:(26-03-2020, 01:03 PM)pianist Wrote: This is a bad precedence, imagine all companies follow suit to not fairly reward stakeholders for the better 2019 performance Actually, we probably have to "trust the Management" on the necessity of this. The alternative of resuscitating the dividend payment resolution, would be to give out the dividend before asking it back via a rights issue. Of course, in this case, the latter allows the OPMI to have a choice.
28-03-2020, 09:49 PM
(This post was last modified: 29-03-2020, 02:11 AM by dreamybear.)
Unexpectedly, I have started receiving emails(like the one below) from dividendmax for updates on dividends cut, cancellation.
"Dear Subscriber As due to the exceptional circumstances of the COVID-19 virus, we will endeavour to bring you daily updates on the dividend announcements. In this email we will also provide this information from the previous 5 days...." -------------------- In light of this unforseen and unprecedented covid-19 situation, I think it is understandable if companies want to conserve cash. This is particularly so if the company has instituted cost cutting measures like pay cuts, etc. But if the mgmt continues to pay themselves well despite a dividend cut / withdrawal, then something is probably not right. Companies axe dividends in global push for cash(March 24 2020) https://www.ft.com/content/e9102d80-6d2c...bea055720b
26-01-2021, 10:14 PM
Bonvest
preliminary review of the unaudited consolidated financial results for the year ended 31 December 2020 (“FY2020”), the Group is expected to record a loss for FY2020 mainly due to decline in revenue resulting from the adverse impact of COVID-19. https://links.sgx.com/FileOpen/BV%20PG.a...eID=646181 Stay home and stay healthy, valuebuddies. |
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