Still it is a step in the right direction. Forgetting the silliness of the large div payout last year and the small cap raising that didn't make sense...there is a strong commercial reason why no FY17 div was paid...they wanted to allocate the available cash towards more outlets.
I am happy that ASX has drawn them on the issue and quite frankly, stronger directorial action is required by the Aussie based directors. We do things differently and more trasparentally than China and since TTC is an ASX listing they should comply more with our accepted commercial thinking.
This action should give the share price a boost...particularly if at the AGM the directors are forced to make this present action a permanent feature. That is, repatriate the equivalent of the Aussie based dividends.
