Ann: Dividend/Distribution - NIC, page-2

Why are they paying dividends when they keep having calls for further capital? This is really stupid, a case of give with one hand & take (more) with the other. I applaud management getting the last CR/placement with the key Indonesian investor away at well above the current share price but to then hand it back so soon arguably isn't astute business decision making. This has a few years to play out. Medium/long term returns will be enhanced with minimising diluting shareholders. If they need capital, then hold onto it & stop giving it back thru' unfranked dividends & if they don't need further capital then curtail the placements &/or their quantum.Not interested in short term 'sugar hits' like this......manage the company's capital efficiently. They're not