22-12-2010, 08:36 PM
LHT's profitability is quite erratic. If you look at the 5-year summary on pg 13 of the 2009 AR and strip out the "other income" which is mostly rent, then the company only made money once in the past 5 years. Ditto for 1H10 - if you remove other income the company was only barely profitable. Dividend record is not consistent, being paid in only 5 of the last 11 years. In 2002-2006 and 2008, there was no dividend. If the 2009 dividend of 0.25cts is paid again, then the yield is about 3%, not interesting IMHO.
As usual, YMMV.
As usual, YMMV.