Is this the thin edge of more to come???
Quote:
Originally Posted by
Roger
Its not about what you or I want forest, in my opinion its about respecting individual shareholders rights to chose whether they want dividends or shares in lieu of dividend.
I am sure you would have noticed the sea of grey hair at many companies annual shareholders meetings. In my opinion many small shareholders are relying of dividend income to support their retirement lifestyle.
I think keeping the dividend at 3.5 cps, (rather than increasing it in line with the 14% earnings growth to 4.0 cps) strikes a good balance this year considering the company is experiencing such strong organic lending growth across all divisions. Regarding the share purchase plan in my opinion a renounceable rights issue would have been fairer to all parties but it would appear on the face of it this option may be more expensive. I guess its only natural that holders of (for example), a six figure number of shares feel a bit miffed that someone holding as few as say 1000 shares enjoy the same rights under the share purchase plan. It is what it is, life isn't fair all the time but I think the terms of the SPP for smaller shareholders are very fair considering institutions paid $1.46 back in December when the share price was quite a bit less.
I agree with you, as far that the way capital raising is carried out and dividend is paid could well be the most pragmatic way of doing it.
But as far as that every share holder is treated the same as it should, this is definitely not the case.
And this not being the case were are the boundaries?
Moderation practiced in moderation
Quote:
Originally Posted by
n908671
Is there any benefit in subscribing now or should I wait until the 10th March? The way I see if I I sign up now they'll debit my account $15k sooner so I'll pay more interest on that. May as wait until the last possible moment.
I would wait, but do try and do it a couple of days before the deadline just in case something goes wrong and you need to sort it.
As for all the gripes, as Jeff might say:
"You can please all of the shareholders some of the time and some of the shareholders all of the time but you can not please all of the shareholders all of the time".
Personally I am torn between the
'do not buy more of any share which is already over your portfolio % limit'
and
'rules are meant to be broken'.
Best Wishes
Paper Tiger