Paid dividend of RM10.8m in April 2021 for FYE12/2021 (in addition to another RM11.8m in 12/2020). All these paid to previous shareholders given IPO only done in July 2021. So latest dividend will be reflected only in next quarterly result? Given that, will there be any dividend for 2021? Or best wait for lower price to compensate possibility no dividend in 2021?
master"piece" you can say what u want. I still like this company. In fact i bought a unit in their ecomajestic. Good developer with awesome properties. Worth to invest at this price. always got upside potential.
Clarification Sumatec up on rumours of Halim Saad increasing stake Post by Cals Today at 09:28
Clarification Sumatec up on rumours of Halim Saad increasing stake Business & Markets 2014 Written by theedgemalaysia.com Monday, 18 August 2014 09:21
WITH reference to an article entitled “Sumatec up on rumours of Halim Saad increasing stake” last Friday, it has been brought to our attention that Sumatec Resources Bhd is not a debt-laden company and its gearing is currently low. The group’s borrowings as at March 31, 2014 stood at RM17.3 million. The error is regretted.
This article first appeared in The Edge Financial Daily, on August 18, 2014.
On another note, Dalton said Sumatec expects to achieve profit of RM69 million in the financial year ending Dec 31, 2014 (FY14), and exit the Practice Note 17 (PN17) category after second quarter this year.
"We will make the submission at August this year, should the group record a profit for two consecutive quarters. Hopefully, we will be uplifted from the PN17 list, the earliest in this September," he said.
Quarter announcement should be out next week followed by PN17 exit application to bursa thereafter. Once pN 17 out then there will be institutional investors enter the arena. Many more potential upside on this stock. So waiiiiiiiiiiiiit