I cant see dividends that soon and don't want them. They are better to use the funds to reinvest in the expansion of the business. Remember every $1 in capital is $4 in deposits that can be taken and $5 in loans.
I think the real kicker for this business will be if one of these HNW Asian investors stumps up to fund an Australian acquisition. I am expect that the company understands investors frustrations about information not being forthcoming and will be address this moving forward.
Its very rare for a company with such a small market cap to get any coverage from a broker at all. I believe the fact that PAC have decided to cover the stock is an indication the management have made substantial adjustment to their process moving forward.
IMO, with $12.5m held in cash and a market cap of only $16m and profitability within the next year, the downside from here is very limited and the upside potential is multi fold over the next few years.
DYOR and Holdtight.
I cant see dividends that soon and don't want them. They are...
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