XPD 0.00% 1.3¢ xpd soccer gear group limited

Ann: Half Yearly Report and Accounts, page-3

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  1. 58 Posts.
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    'Given the deterioration in the trading conditions and the Company’s ongoing consideration of funds transferability between the PRC and Australia, the Board has decided it is not in a position to pay a dividend.'

    Would this sentence suggest that they are no longer trying to get funds out of China? Almost $55m in the bank. There is no reason they shouldn't be trying to pay 0.5c dividend at least. Only works out to be just over $2m, when company still made over $5m for the 6 months.
 
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Currently unlisted public company.

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