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14-12-2016, 06:01 PM
This thread should really be renamed AF Global and moved to the appropriate subforum.
Since the takeover, AF Global has been distributing significantly more dividends than it earns.
For FY 2015, EPS was only 1.07c, but a total of 3.50c of dividends/share were paid out.
Likewise, this year EPS for 9M 2016 adds up to only 0.55c, but management has already declared interim and final dividends/share of 2.25c.
Are the Koh brothers using the cash generated from this company to service debt in their main companies? Aspial in particular is quite heavily indebted... but why make an offer for 33c/share in the first place then?
Since the takeover, AF Global has been distributing significantly more dividends than it earns.
For FY 2015, EPS was only 1.07c, but a total of 3.50c of dividends/share were paid out.
Likewise, this year EPS for 9M 2016 adds up to only 0.55c, but management has already declared interim and final dividends/share of 2.25c.
Are the Koh brothers using the cash generated from this company to service debt in their main companies? Aspial in particular is quite heavily indebted... but why make an offer for 33c/share in the first place then?