AP Oil

[BlueKelah]

You should only expect to receive $0.0075.

The Final Dividend is $0.125, which includes $0.005 that was already paid out last march.

In any case, it is a good development that they are increasing dividends. Shareholders have been waiting a long time for this.

Looks like the new CEO may bring more value back to shareholders.

Thanks for your reply.

However, you mentioned the $0.005 dividend that was paid in March'16. I thought this dividend was declared for the FY15 results.

Hence the dividend stated in the FY16 results confused me quite abit.

I do agree with you on the improved development.

haven't looked at this company for a couple years now, since I wrote them off as OPMI unfriendly management.
 
It is good news indeed div has been increased. Seems like it is now in line with normal listco payout. Though there is still issue of mgt. rewarding themselves "too handsomely" It seems admin expenses are not coming down at all YoY

However a bigger concern should be how E.V. is gonna impact AP Oil business, all those new Teslas and Chevy are not going to need any motor oil. Toyota seems bent on pushing their hydrogen fuel cell ev as well.

How much of their business is automotive related and what sort of impact will decreasing automotive revenue be on the business?