ARG 0.46% $8.83 argo investments limited

controversy rages, page-6

  1. 25 Posts.
    He/She mistakenly adds the DRP to the dividends paid(which already includes the DRP)

    For example Page 26 Cumulative shortfall of net operating Cashflow
    He she claims
    ARG 2011
    Net Operating Cash flow 178.1
    Dividends Including DRP 189.1

    Now Argo 2011 Final report
    Cash flow statement page 12
    Net Operating Cash Flow 178.1
    Dividends paid net of reinvestment 127.
    Contributed equity item 14 page 18
    DRP 31.
    So 31 plus 127 = 158 NOT 189.1

    He or she has added the DRP twice mistakenly to get 189 and perhaps should of consulted an Accountant beforehand. I can see how someone who does not understand accounting could of made this error when looking at the changes of equity statement.
 
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