I'm a small holder still and I want it cancelled. That $15m is much better in the company right now than shareholders pockets.
It will happen, just like AIA as THL is still cum dividend.
AIR is ex-dividend so probably much trickier legally. The Govt will get there $65m dividend and net it off against the $2b bailout...funny except its not really.
I well remember THL being in the .50-.60 range in the mid 1980's , lets hope that it does not drift back to that level !.
IMO the question is, what is their current short and long term debt, at what level will tourism return eventually and what amount of fixed overheads do they have. A reduction in interest rates can help but knowing banks as I do once the company is under financial stress they do not always pass on those lower rates.
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