dividend expectation, page-4

beanbags and livas1,

Yes that is my expectation,,,that is to have a lower payout ratio of around 1c for the half year,, i would be gleefully suprised at 1.5c ...to deliver a less than and conservative 50% retention of cash to fund thier stated further expansion plans...as the major shareholder is not in need of the $$$,,,dont be suprised if its even less ..but the GOING FORWARD...outlook is very positive while the p/e of this company is one of the lowest on the market,,, enjoy the silly yield of over 11% still on this very secure balance sheet and chinese bank backed stock ..


this is a growth story and a yield story ,,in a few years we will have returned our capitsl outlay and be basking in the asset value glow....dont worry about the liquidity ,,if one wanted to buy more as i do, in reasonable volume the price to elicit any volume is likely in excess of 15-20c ,,, and i am very sure of that after studying every trad eover the last few years and accumulating from welll above and below its current price..

my calculated valuations of asset backing are in excess of 35c per share and earnings per share in excess of 4c

anyway wait if you like to the likely releaqse of the 1/2 year report if by previous experience as a guide will be very late in Ausgust if not the 31st.

the delay is due to ongoing difficulties of translation between the aussie audit team and the chinese finance guys,,,no problems tho just communication understandings of our reporting accounting requirements and lisiting rules ..each year it is the same but now improving after a few goes at it..target price ?


if mes can achieve an eps of 4 -5 c per share and rising ..even on a p/e of very conservative 7-8 x say = 35-40c

when it was listed a 4c per year div expectation placed the discounted lisiting price at 50c remember?

well next year a 3 cent div is not out of the question or we can enjoy the growth aspect of a substantially broadened balance sheet with dividend retention higher that originally expected to now further fund the success of the business expansion plans implemented in stages over the last 3 years

i leave it up to the readers to do their research and examine the underlying presentations and balance sheet ..especially next week or so


for those that earlier this year and last bought some stock on my musings like this previously...well done and I enjoy your positive returns too

please feel free to comment back ( again ) AFD you happy? Jemma ?