Australia's largest stock trading and investment forum Australia's #1 stock forum

DFM

Click for more information

0.00%

83.0¢ dongfang modern agriculture holding group limited

Where do you get $140m from? Annual Accounts: Cash RMB376m @...

First 18 Last

Share
Profile

Follow
Super Sceptic

72 Posts.

3

12/04/17

20:11

Post #: 24040416
Share

Originally posted by alecfra ↑

The word default in the DRP is a little confusing. Having reread the dividend announcement there is nothing unusual you have the option by a particular date 14th April to opt in or out.

I understand the delay in payment to those who opt for cash is that the company has to get permission to distribute (from China authorities),the exact amount is not known until after election. It takes about 1 month to process.
The best part is the 10% discount. This company has over the past 5 years showed c0nsistent growthand probably continue . I have said before they have a considerable cash war chest to increase plantation acquisition (over 140M$).

All they need to do is improve public relations..IMHO acquire propities with Jan-July cash flows

Expand

Where do you get $140m from? Annual Accounts: Cash RMB376m @ 5.16 RMB: 1 AUD = AUD73m

DFM Price at posting: 83.5¢ Sentiment: Sell Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

RDN

Raiden gears up for exploration in final quarter of 2024

Week 34 Wrap: HotCopper's top watched; Oz banks cut saver interest; Kamala’s 28% corporate tax; AI’s back

The Rising Tide: How institutional adoption is shaping the future of crypto

Reporting wrap: Inghams, Accent, Mayne Pharma

Dale Gillham's weekly wrap: responding to a weak iron ore price with investing decisions

The business of sport: Warren Tredrea's take on this week's news

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

NRX

Noronex kicks off EM survey at Humpback, Namibia – part of South32's earn-in deal to access Kalahari Copper Belt

IPH

IPH raises $100M to buy up Canadian IP firm Bereskin & Parr

SER

How flooding did Strategic Energy Resources a favour: Four holes down in 'redesigned' gold & copper campaign

There are more pages in this discussion • 2 more messages in this thread...

First 18 Last

Add DFM (ASX) to my watchlist

SPONSORED BY