Do you believe that they would issue a dividend if their earnings were below $10mill ? I would have thought if their earnings (pre tax earnings that is) was below that amount, then they would have retained the (say) profit of 750thou in attempt to grow what I would see as a micro, micro, Microcap.
No real argument, but not really aware of anything that small with that small earnings. Not saying there aren’t, just not aware of any. LICs I believe only distribute profits on realised gains (I believe) so if they continued to hold during a down period, this may apply to them. Purely academic I guess.
eg. OZG profit FY 20. $3 Mill. FY21. Profit approx $25 m. Capitalisation of approx $85 mill. they still distributed FF div in 20 but this could have been from retained earnings. Always interested in learning !
Ann: June 2021 Investment Update, page-66
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$2.22 |
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Mkt cap ! $788.6M | |||
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