ive been a long term sbb faithful also here but from afar and...

ive been a long term sbb faithful also here but from afar and havnt chosen to get involved in all of the chatter - been buying on the dips and accumulating- I too have been confused regarding the whole dividend scenario and admit have been a little peeved that there was no mention of our September dividend last September -

I do agree with many here that, it is a huge reason why the share-price has been held back and clarification in required to get any such recovery and trust back into this battler but may I suggest you all read carefully the actual prospectus as I have done and dissect it fully. Furthermore, could be the reason why the directors and board are not addressing the issue because they have nothing to answer for . I know many, including myself was adamant that we were owed a dividend in September but read it carefully the way the prospectus was written. There was never a guarantee that a annual September Dividend of 25% of NPAT would be paid- the only guarantee was that a dividend of 25% of npat would be paid for the FY13 to Decemebr 13- By the way, no im not a downramper or anything of the sorts. Nothing would please me more than dividends coming our way but in the same breath, I also now realise why the company are well within their rights for not requiring to answer why a dividend wasn't paid last September ( however, it would have been good PR to put an announcement out regarding their intention's regarding a dividend to help with trust and integrity within the company for the investing community- just saying)


from the prospectus:

Will the Company pay dividends?
The Company expects to pay dividend of 25% of statutory
net profi t after tax with respect to earnings generated from
completion of the Offer to 31 December 2013. Thereafter the
Company is targeting a dividend payout ratio of at least 25% of
statutory net profi t after tax.

Depending on available profits and the financial position of the
Company, it is the current intention of the Board to pay an annual
dividend each September.​

Section 1.21

I would like to re-iterate the express wording that the dividend of 25% of NPAT was for the dividend paid for the FY ending 31 December 2013 and they in now way eluded to this being an annual dividend payout ratio

I would also like to re-iterate that the prospectus clearly states that it is the boards current intention, I repeat intention to pay an annual dividend each September- In no way are Sunbridge in breach for not paying an annual September dividend as they have not clearly stated they would. They have only hinted that it was their intention, with no guarantees-