Spot on there. Need to see action and not fluff. A 1-2cent dividend, although it wouldn't be franked, would also put a floor under the share price as well IMO. I believe the fundamentals in the results, which are there for all to see and are clearly strong, will continue to get disregarded until action is taken.
On a separate note, if anyone plans on going to the next AGM then I would be keen to hear the auditors positively confirm they have personally spent time on site visiting all of the facilities and observing them operate etc. etc. (and not used an sub lot to do this on their behalf) and they are also happy with revenue recognition (i.e. no Tesco style issues). Not suggesting anything improper but this would also help give confidence from an independent party that there are no sham attacks going on. I would also be interested to know from the company whether there are any restrictions on cash or other assets that would prevent them being taken out of country (i.e. China) and if so why those aren't disclosed in their financial statements. A few pointed questions to the right parties from shareholders, and there are many more such questions that could be asked, would also in my view help dissipate some of the potential concerns I have read on this forum and figure would be important/interesting to others besides myself. As mentioned I'm not suggesting these are issues, but lack of clear information often breeds the need for others, such as us shareholders, to fill in the gaps....
DYOR
Spot on there. Need to see action and not fluff. A 1-2cent...
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