NBS 0.00% 9.9¢ nationwide building society.

Ann: Notice of Annual General Meeting/Proxy Form , page-2

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  1. 19 Posts.
    re: Ann: Notice of Annual General Meeting/Pro... This Source of Dividends amendment to the constitution is interesting. I'm understanding it to mean that NBS doesn't need to make a profit to pay dividends. So essentially as long as the directors keep on making up intangible assets it will satisfy the criteria for them to have assets > liabilities and then they can pay any money in the company out as dividends. This will be a good way for them to recoup their losses as a result from their constant buying in an attempt to prop up the share price from the 40 cent level all the way down to the 10 cent level.
 
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