Scales - SCL

[noodles]

Correct me if I'm wrong, and I'll track it down at work later regardless,

But did the prospectus not state that they would pay a single annual dividend in the range of 9.2-9.6 cents for this year?
Don't currently hold but was looking to pick a few up


http://scalescorporation.co.nz/wp-co...As-Amended.pdf

The policy is on page 41 and states as above.

Doesn't look good that they've missed what they stated in the prospectus by so much

You have it wrong. The recent dividend declared was interim. The prospectus was final. The prospectus did not include an interim.

So now we can expect and interim AND a final.

https://www.nzx.com/companies/SCL/announcements/257977

One for the dividend hunters I expect gross dividend to we well north of 10%

[RTM]

You have it wrong. The recent dividend declared was interim. The prospectus was final. The prospectus did not include an interim.

So now we can expect and interim AND a final.

https://www.nzx.com/companies/SCL/announcements/257977

One for the dividend hunters I expect gross dividend to we well north of 10%

How do you get that Noodles ?
Page 8 of the document linked states for 2015F 10.5-10.7 cents per share. I read this as the total payout for the year. At 10.6 and SP 142c this is about 7.5%. Do you think the interim will be in addition to this payment ?
Cheers, RTM

[couta1]

How do you get that Noodles ?
Page 8 of the document linked states for 2015F 10.5-10.7 cents per share. I read this as the total payout for the year. At 10.6 and SP 142c this is about 7.5%. Do you think the interim will be in addition to this payment ?
Cheers, RTM

I think your forgetting that its fully imputed so add 28% more to get correct gross yield.

[RTM]

I think your forgetting that its fully imputed so add 28% more to get correct gross yield.

Thanks. Yes...wondered about that. Sometime I'm going to have to understand what "fully imputed" means I guess.

[noodles]

How do you get that Noodles ?
Page 8 of the document linked states for 2015F 10.5-10.7 cents per share. I read this as the total payout for the year. At 10.6 and SP 142c this is about 7.5%. Do you think the interim will be in addition to this payment ?
Cheers, RTM

10.6 dividend would have 4.12c imputation credits. That is a total of .1472/1.42 =10.4% gross yield

But given the company have said they are in a better capital position than expected, I think this will prove to be conservative