Looks like all tracking well, Percy
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Outlook
Looking ahead to the 2025 financial year, we anticipate a continuation of the growth and profitability trends
driven by our strategic initiatives and market conditions. Our priorities include expanding our loan book,
enhancing our research and advisory services, and maintaining strong liquidity. We expect to see further growth
in secured term deposits and a continued focus on sustainable value creation for our shareholders.
Percy, with Resimac gone from NZ and the deposit guarantee scheme coming.. GEN might be worth a look
General Capital’s dividend policy is to declare dividends at a
rate of at least 40% (interim and final) of its net profit after tax,
subject to maintaining a prudent level of capital for its needs.
Capital needs will vary from time to time depending on a range
of factors (including regulatory and credit rating requirements,
general economic conditions and current and expected
growth). The Directors reserve the right to amend the dividend
policy at any time.
As signalled last year, and given the consistent and strong profitability of the Group, the Board
has been actively discussing the payment of a dividend in the near term. The Board has adopted
a Dividend Policy which is on the screen. [read dividend policy]. Whilst no decision has been
made on the specific actual payment of a dividend the Board will give consideration to this, in
accordance with the policy, prior to releasing the half-year results in November.
Be great receiving a divie before Christmas.
Consolidation
After due consideration the Board has also decided to implement a share consolidation on a
one-for-four basis. Whilst this is a purely technical change it will have the effect of moving the
share price from the current approximately 8c to approximately 32c based on today’s share
price. The Board feels that this better positions the share price as we move forward in the next
stage of our growth. The consolidation should be completed by 2 August 2024 with updated
share statements going out in the week of 12 August 2024. At the end of the consolidation the
total number of issued shares will be reduced from 363,574,975 to 90,893,743.
I always wonder how these capital restructures add any value to anybody or anything. Same cake, slightly bigger pieces.
all psychological aye
had a mate once tell me something was cheap because it was 10cents per share. was comparing to FBU/SPK etc trading for a few dollars each :eek2: