I wonder what all the directors and senior managers are going to do with all that lovely cash they received in their bank account yesterday from that juicy dividend ?
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I wonder what all the directors and senior managers are going to do with all that lovely cash they received in their bank account yesterday from that juicy dividend ?
Hmmm... VTL was a costly $5000 lesson for me back in the day... assume Elizabeth moved out early having, as you say Percy, potentially "smelled a rat"... one hopes that a brush with this(those) rodent(s) early on in her directing career has lead to her acquitting herself with aplomb as a director ever since... I am not aware of her scoring any black marks since... anyone else??
Thanks percy, this would put her on my "never again" list. Don't need directors who disappear when they smell dead rats, but instead directors who do something about problems before shareholders hurt. Shall vote against her re-election (not that it matters, but still ...)
VTL was,or had the potential for great things.
A number of very astute investors were caught.
I am fortunate enough to have a holding in Ebos.Last year Coutts came up for re-election,and spoke to the meeting.A very capable director,who would add a great deal of knowledge to any board in Australasia.The board of Ebos hold her in very high regard.The chairman spoke at length of her contributions.
Sir Selwyn was on my "never again list" after his extremely poor chairmanship of AIR NZ and Cabletalk [turned out a complete disaster].
Yet, since then I have invested in both SKL, and Sir Selwyn's REL [unlisted] ,and extremely happy with both.
When you are a director and disagree with the "major"shareholders all you can do is resign.
That is why we watch for directors/CFOs resigning,or in SKL's case buying more shares."Inside knowledge."
Caught up with my reading over the weekend. Annual report made for a very good read. Good solid and sound company with 75 year plus trading history looking to build their business the old fashioned way through careful product expansion and innovation without throwing too much money at capital projects or new products until they're proven to be a profitable exercise. (A report like this should be compulsory reading for some of the tech company executives).
Very strong balance sheet, exchange rate tailwind, project Viking initiative and production efficiencies and the wide array of meaningful director and senior management buying in give people the obvious clue this company and its shareholders are very well positioned.
Based on a conservative estimate of FY16 dividends of 10 cps fully imputed 10 / 0.72 = 13.89 cents gross SKL trades on a gross dividend yield of a fraction under 10% and has a consistent record of strong and reliable dividends so shareholders are being paid handsomely to hold and enjoy future growth.
Yeah agree with you Roger, the annual report was good read over the weekend, very encouraging overall. I reckon $1.50 by ASM next week.
Hmmm.., looks like someone wants to get out at $1.42, once that seller gone, should be up and away.