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3.8¢ techniche limited.

That dividend policy is coming in as of this year I believe. 50%...

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Klogg

1,701 Posts.

43

11/06/16

19:25

Post #: 18014684
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Originally posted by littlecorn ↑

Klogg,

I think share price will force TCN board for change, which they have been talking about for a good 2, 3 years during which period, they appointed M&A specialist, they had exactly same amount of cash in the bank, literally unmoved. regardless how much money each of three businesses made, the company never had policy to pay % as dividend stating for further M&A.

its latest presentation still states:
- Be ‘open for business’ and putting money to work
- Be fast and flexible versus banks or alternative sources of finance

I think some long term holders simply had enough. all they talking about is that $3mil in the bank as if that is a lot of money.

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That dividend policy is coming in as of this year I believe. 50% of NPAT paid out as dividends from memory.

Even at 1.5m, that's $750k in dividends on a company w/ MC of ~14m. 5.35% yield

TCN Price at posting: 6.0¢ Sentiment: None Disclosure: Not Held
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