Share
6,539 Posts.
lightbulb Created with Sketch. 288
clock Created with Sketch.
25/02/25
19:00
Share
Originally posted by dutybound:
↑
Simply put management are delusional: - they do a hasty, massively diluted capital raising due to its funding issues - they make $3.6m (down on prior year) while they settle 325 lots (20% higher than last year) - they are making effectively $11k per lot sold, which based on average sales of $400k per lot, that equates to 2.7% net margin - they talk about discipled capital management and then they are still "considering" a 1H25 dividend (not declared yet at least). GUYS...POINT BLANK......ANY DIVIDEND SHOULD BE OFF THE TABLE. NO FURTHER DISCUSSION.
Expand
They don't work for us. They work for Singaporeans. Wonder how many of the sales went to overseas investors at a steep discount. How much of the new discounted equity went to overseas buyers? I never received at invite to buy shares at 26 cents. If AVID walks it will be continual disappointment with gap between NTA and market price remain wide open. So shareholders can be diluted for the major holder.