VSL 2.50% $6.25 vulcan steel limited

not a good look, page-3

  1. 5,165 Posts.
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    It was madness to declare an UNFRANKED DIVIDEND when the company needed money for working capital.

    I asked them why they did this and they said it was done to appease shareholders and make them feel that they are getting a return. This is weak management to start with.

    I lost faith in them at that stage. Nevertheless I will be wathcing carefully.
 
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