tbh, this activist is really bothersome for the management. The company already explained their dividend is 0.02 due to future capex and STILL NOT HAPPY. If not happy then dump the company's share la. If u claim it is such a solid company then wait for its growth lo. If u looking for dividend play then definitely this counter is not the 1 for u 1 ma Of course, u got the right to ask questions but asking all these funny questions which totally irrelevant to u (since u arent an analyst nor an auditor), u really think the management's time is so free to compile all these answers for u ar? Sometimes really cant tahan these people, too free. probably retiree.
aiya...pakatan people got ability to deliver their promises and hope or not? i scared later take power ady then the same pattern appear.... cronyism lar...corruption lar.....self gratification lar...hehe... and again lupa saporter...
BN good ma..... panlai cari lui.....see....big business all the time...bring oversea investment....big dreams....lrt mrt all very good ah.....apa salah vote bn leh?
>>>> jakeT tbh, this activist is really bothersome for the management. The company already explained their dividend is 0.02 due to future capex and STILL NOT HAPPY. If not happy then dump the company's share la. If u claim it is such a solid company then wait for its growth lo. If u looking for dividend play then definitely this counter is not the 1 for u 1 ma Of course, u got the right to ask questions but asking all these funny questions which totally irrelevant to u (since u arent an analyst nor an auditor), u really think the management's time is so free to compile all these answers for u ar? Sometimes really cant tahan these people, too free. probably retiree. 25/04/2018 13:57<<<<
Maybe difficult to justify a reasonable dividend for this financial year 2018.
Reasons:
1. Huge capex for this year.
2. Cash will be depleted and spent on the capex.
3. Probably working capital will increase this year, due to downtime in upgrading the refinery and needing to stock inventories to trade during this period.
4. The high profit of Q3 17 was not sustainable. Probably can anticipate about $1.30 EPS for 2018.
5. Earnings and cash will need to be prioritised to pay down its huge debts/borrowings.
6. Yes, dividends may be visible in 2019, provided company's earnings, which is very volatile, are still positive and high.
Dividends are best decided by the management. Yes, the shareholders should be active participants in all aspect of the company's business. But, in this case, probably have to agree with the management that paying dividends of this quantum as requisitioned by certain shareholders may not be advisable.
oww pakatan give also laa, give talk...federal give amenities and take back someif there do mistake, then pakatan give talk again, politic as simple as that..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Alex™
12,593 posts
Posted by Alex™ > 2018-04-25 12:37 | Report Abuse
q3, can talk about the future? what to do now?