As for the dividend announcement tomorrow, here are some reasons why I think they will maintain what they announced on 19/02/2009:
-their profit guidance is around last year's profit levels so that is one reason why they would keep their dividend at that level this year
-they have already gave investors some hope that the dividend will remain the same as last year in their announcement on 19/02/2009 by saying that it is "anticipated" to be the same. If they change their mind, investors will lose further confidance in the company and it could lead to a very substantial fall in SP by institutional investors who do not appreciate non-disclosure
-the directors hold substantial amounts of SSM shares (most with over 1m shares) and as such, they will probably not want to see their share portfolio crumble. Also, I am sure they would be happy with getting a dividend themselves as shareholders
-by not giving a dividend, the share price may fall making it not desirable IF they want to ever get further funding by issuing more shares.
-finally, I think they probably would prefer not to make any more "surprises"
-if you do decide to decrease it, it probably wont be by much for the above reasons.
Anyhow, who knows but thats what i think. :)
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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18 | 10519 | 1.490 |
9 | 8804 | 1.485 |
11 | 25336 | 1.480 |
7 | 37846 | 1.475 |
Price($) | Vol. | No. |
---|---|---|
1.500 | 31200 | 9 |
1.505 | 9319 | 7 |
1.510 | 15120 | 7 |
1.515 | 31299 | 10 |
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