The november fair start next week, by early december we should have an estimate of the revenue & profit. This will then decide the dividend payment.
This may come as a surprise to you, but china does have rules and regulation.
True, australian investors hold little sway. But there are other big Chinese stakeholders out there. CEO will need to listen to them. 35 millions shares held by distributors.. without distributors, there will be no revenue, no profit for the company.
Do you think distributors is happy paying 21 cents per share and now see it languishing at 3.3 cents.. What do you think distributors would prefer? Receiving dividend or not receiving a dividend?
XPD Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held