-
24-01-2021, 08:40 AM
#7811
Instead of slashing the dividend to a miserable 1.3 cents they should have just not paid one (esp as 33% goes to the tax man) - doing what they've done is an insult in light of the touted huge increase in cash flows
Doesn't signal confidence in the future - aren't they past the point of inflection so should be cock-a-hoop about things
”When investors are euphoric, they are incapable of recognising euphoria itself “
-
24-01-2021, 08:42 AM
#7812
Originally Posted by nztx
Real enough .. but they can mysteriously evaporate which could be as early as the next reporting period ..
then they become mysteriously unreal & probably still unrealised ..
Whatever happened to 'Beancounter's Reporting on Conservative side' with some of these listed Outfits ?
At least back then everyone knew where they stood without all the Mickey Mouse unrealised revaluations
being booked as actual trading surpluses above the line in some sectors ..
But aren't they included in Book Value and NTA?
”When investors are euphoric, they are incapable of recognising euphoria itself “
-
24-01-2021, 08:59 AM
#7813
Originally Posted by winner69
But aren't they included in Book Value and NTA?
Indeed, but a more informative reporting basis would be to take Revaluations direct to
"Asset Revaluation Reserve" in Shareholders Funds, until they are actually realised surely ?
-
24-01-2021, 09:10 AM
#7814
Member
Originally Posted by nztx
Indeed, but a more informative reporting basis would be to take Revaluations direct to
"Asset Revaluation Reserve" in Shareholders Funds, until they are actually realised surely ?
At least we could understand Asset Revaluation Reserve. Makes sense to me.
-
24-01-2021, 09:19 AM
#7815
Let's face it - the likes of HLG, BGR, KMD and others don't book their Gross Margins on unrealised inventories
on hand into Trading Surpluses before the goods hit the Cash Register & flying out the door happens ..
HGH don't book the Interest Income on their Loan Assets for next X Years ahead into Trading Surpluses before
the clock ticks over as the period's interest income & fees is actually 'earned' either ..
Last edited by nztx; 24-01-2021 at 09:23 AM.
Reason: add more
-
24-01-2021, 09:29 AM
#7816
Originally Posted by winner69
Instead of slashing the dividend to a miserable 1.3 cents they should have just not paid one (esp as 33% goes to the tax man) - doing what they've done is an insult in light of the touted huge increase in cash flows
Doesn't signal confidence in the future - aren't they past the point of inflection so should be cock-a-hoop about things
Don't you think Winner that the reduced dividend (WELL below there mandate of paying out 50% of underlying) is a deliberate "slight of hand" to avoid attracting media attention to pay back the wage subsidy? I see no other reason for such a stray from there own policy.....marvelous play OCA, love it!
-
24-01-2021, 09:30 AM
#7817
Nztx ..I’ve had a property for nearly 40 years. It cost me about $50k and worth maybe zillions now.
It’s in my books at cost ......is my company only worth $50k or is it worth zillions.
”When investors are euphoric, they are incapable of recognising euphoria itself “
-
24-01-2021, 09:44 AM
#7818
Originally Posted by Maverick
Don't you think Winner that the reduced dividend (WELL below there mandate of paying out 50% of underlying) is a deliberate "slight of hand" to avoid attracting media attention to pay back the wage subsidy? I see no other reason for such a stray from there own policy.....marvelous play OCA, love it!
Plus doesn't Macquarie end up buying all dividends that are not under the dividend reinvestment scheme for cash like last time? Or was that a one time deal
-
24-01-2021, 09:44 AM
#7819
Originally Posted by Maverick
Don't you think Winner that the reduced dividend (WELL below there mandate of paying out 50% of underlying) is a deliberate "slight of hand" to avoid attracting media attention to pay back the wage subsidy? I see no other reason for such a stray from there own policy.....marvelous play OCA, love it!
Don’t think the market per se is that gullible and can’t see Earl coming out and publicly saying ‘yes we took the wage subsidy but heck we slashed shareholder dividends’
Anyway leaves Oceania as the one not repaying the subsidy ...even though they only claimed it for their sales people and as Earl says ‘it’s not that much’
Principles of it though.
Last edited by winner69; 24-01-2021 at 09:55 AM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
-
24-01-2021, 09:51 AM
#7820
Last edited by nztx; 24-01-2021 at 09:58 AM.
Reason: add more
Tags for this Thread
Posting Permissions
- You may not post new threads
- You may not post replies
- You may not post attachments
- You may not edit your posts
-
Forum Rules
|
|
Bookmarks