Many accounting experts here but not good at smelling where is the money. Tony is a good businessman and can smell where the money is coming from. Keep it up Tony and thanks again for all the dividends. My best investment
@ Lee Hee Meng Actually the share will be more "valuable" after Ex-Dividend since it is considered "undervalued", possibly RM1.XX/ this year forecast EPS. Remember also, additional aircrafts has been sold recently in Q2, you can find the details in bursa announcement. So, likely Q2 will show a massive bump in profit. With low share price (ex-dividend) and bumper profit, speculatively- it will attract a lot of people. I might keep till then before offloading.
However, I might sell and buyback if there is a jump of 12% or more tomorrow since this is just temporary sentiment due to SD 90c. You can likely buy back at a lower price later. However the risk side will be another positive news coming such as: PSC charges lowered, feud with mahb resolved, exit tax delayed till 2020 and a lot more I cannot guess. Then u may not get it a lower price. Cheers!
90cent dividend? This is more than total EPS for whole 2018. RM 3 mil for the dividend which is almost equivalent of their cash at bank in the QR. I wouldn't hold anymore AirAsia shares for the near future.
If the share price on ex date 30 July were 2.70. after SD 90 cents would be 1.80. Wow, buy now and "get" the SD or buy after ex SD........... Below RM2 price is quite attractive......... Anyone there please share your thoughts. Thanks.
Posted by Momocai > May 29, 2019 10:38 PM | Report Abuse
If the share price on ex date 30 July were 2.70. after SD 90 cents would be 1.80. Wow, buy now and "get" the SD or buy after ex SD........... Below RM2 price is quite attractive......... Anyone there please share your thoughts. Thanks.
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dividend of 40 cents for CNY......now another 90 cents for Raya......
Recent disposal of 25 aircrafts worth RM3.5 bil is going to 90 cents dividend pay-out. Balance RM3.0 bil cash current at bank will be used for 10% shares buyback which cost around RM1.5 bil. At the end, AA still cash positive at RM1.5 bil.
@ momocai Actually it doesn't make a lot of difference to me. Eventually after Ex-Dividend, you got richer but the company you own got poorer.
Peter Lynch has taught us to evaluate a company's worth through their total net cash or equivalent. Divide that net cash amount by per share and minus off that amount for the share price to get the hidden discount. Similar concept but in AA's case, their equity has reduced after giving the dividend. The share worth less after that.
More importantly, dividend should given and evaluated on a business criteria. For example, if business really has excess cash that they got nothing better to do, then some dividend is okay. I am no TF so I don't know his plans but maybe he intends to buy more share after this to increase his shareholding or... I don't know. we can all guess unless management explain to us.
So make sure we attend the upcoming AGM and start asking tough questions instead of letting them do whatever they want without properly disclosing more info to us shareholders.
Ask until he cannot answer. Always do so at any AGM since it's your money anyway.
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