SRV 1.40% $4.93 servcorp limited

srv news, page-10

  1. 4,503 Posts.
    lightbulb Created with Sketch. 174
    Well I am one of the holders that bailed out in the late $3's averaged out close to $3.80.

    Must say would love to hold but the story seems a bit tarnished for me. If you look closely at the results the mature floor income dropped dramatically so all of the processes have not been as a result of new floors. Its masked in their reporting but look at the details.

    Then if you look at it it was always a conservative distributor of dividends. Now its looks like its earning 2c and paying 10c. Strange behaviour my understanding was that it would be paying 10c but that would match earnings.

    I wont enter again until this is cleared up.
 
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