DNA 3.33% 3.1¢ donaco international limited

Ann: December 2015 Half Year Financial Report, page-17

  1. 1,212 Posts.
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    Given there is few analysts covering Donaco , the company would have known that the expectation of a dividend was growing due to analyst coverage and I think they should have made the market aware of the covenant by its lenders regarding the inability to pay one without express authority of Mega bank.
    Unless there is a pending purchase of the property next door to star or some other opportunity , I am disappointed that there was not at least a buy back announced, the share price has no support and is likely to drop I think, especially with no dividend either.
    Probably another 6 months of waiting while this treads water again
 
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