The company, Marr Contracting, used the Favelle Favco tower crane earlier this month to undertake the 155-tonne lift – claimed to be the world’s heaviest tower crane lift – at a height of 318 metres for the towers of the 1915 Çanakkale Bridge, under construction in Turkey.
Favco will announce notice of AGM and dividend entitlement date today as AGM is scheduled by 10 of Sept, notice must announce 3 week before excluding weekend
I just notice current FD rate is just 1.6%. Favco dividend 15sen, yield at 7.3% is just too attractive return for company with net cash position. I expect Favco will announce entitlement date of dividend 15sen as soon it secure AGM approval from shareholder on 10 Sept.
Posted by hng33 > Aug 14, 2020 6:48 PM | Report Abuse
I just notice current FD rate is just 1.6%. Favco dividend 15sen, yield at 7.3% is just too attractive return for company with net cash position. I expect Favco will announce entitlement date of dividend 15sen as soon it secure AGM approval from shareholder on 10 Sept.
This is a very resilience company, very low risk the dividend will be rejected, furthermore it has high net cash and the owner will also benefit from the high dividend payout.
Should buy to diversify your fixed deposits which have low yield.
I think dividend in Nov is because stakeholders need time to accumulate tickets, at the same time provide time for share buy back to reduce the cash needed for dividend payout.
As a supportive shareholder, I'll not spread this news widely or push up the price as the share buy back should be done at lowest price to benefit the most. Let all the company actions to be carried out silently. For investing, patience is virtue.
Many shareholders like to fight with the company they are investing, declining the company's management actions and decisions. I don't like that happening here.
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MQ Trader 2948 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Hoo SH
38 posts
Posted by Hoo SH > 2020-07-08 12:10 | Report Abuse
CJM ...the 15 c of dividend is expected on July-Aug...the AGM is predicted on Aug or Sep...waiting the 15 c within a month...