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So many unanswered questions, page-13

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juneauquan

1,974 Posts.

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24/01/15

18:11

Post #: 14636337
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Originally posted by jamwolf ↑

The biggest unanswered question is why so many retail investors are in this stock at all.

I guess the answer is that brokers selling stock on behalf of other clients, including seed investors, have talked them into it.

I won't repeat the red flags. But what does amaze me is the endless debate about what dividend, if any, the company will pay.

Firstly, if you want yield, buy Telstra or a utility.
Secondly, the tax treatment of dividends from China to Australia seems to be unattractive.
Thirdly, if the founder is worried about dividends, why raise $4m and go public (I think they actually tried to raise $10m).

Finally, the resignation of the Australian non executive chairman, who used to provide assurance to investors, is not a good sign.

Good luck to all. If I want to play retail, good ole Myer is cheap enough for me, China or no China !

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So much ignorance in this post I don't know where to start ....

Last edited by juneauquan: 24/01/15

SBB Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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