if MFS pay the proposed dividend of 34 cents per share.
AND THE MARKET HAS IN FACT MISS READ THE ENTIRE ANNOUNCEMENT, THEN your looking at a 34% dividend on current prices.
The question really is.
ARE THEY GOING TO PAY THE DIVIDEND?
THAT IS a million dollar question in my view.
they pay 34 cents per share, and the share price is going to rocket.
If i was a company director, i wouldnt be making an announcement tommorow.
I would be letting this one tank, buy as many shares as i possibly could, and then make the proposed dividend announcement of 34 cents.
that makes perfect sense to me.
why the market is dog scared let them fight it out. and then slide in with a couple of million on margin loan, and annouce a dividend pay out.
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