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26/02/21
22:44
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Originally posted by miningnut:
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Sorry but how many half yearly reports have they now said the payment of dividends will be reviewed at the next report - sorry but sick of that line. It is now six months since they said they were looking for/at an investment for the surplus funds - not even willing to give any further info to minority shareholders but you can bet your bottom dollar that some major institutional shareholders know what's being looked at. They have $31.4mil sitting in the bank with no debt besides $4mil in mainly long-dated lease liabilities. They received $3.4mil in Jobkeeper subsidies, probably to the benefit of those employees that mightn't have had a job without it. I can understand Directors/Management not increasing their remuneration or paying themselves bonuses whilst PRT are receiving Jobkeeper but I don't understand shareholders being denied a dividend out of other profits that they've made in this period.
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That is not how it works. The general public simply see a profit during JobKeeper and tie it to any dividends paid. They’ve made the right call to avoid the guaranteed scrutiny.