He isn't increasing the dividend because he and his 'experts' are lousy stock picker and the internal profits ain't there ... e.g. they bought into Shine Lawyers, ignoring (or not smart enough to recognise) the flawed reporting system being used by the only two listed law firms on the ASX (SGH & SHJ) and we suffered a large capital loss when Shine followed Slater & Gordon's down the tube ... unbelievably CDM bought into Shine AFTER the 'work in progress' mess was public knowledge (but, unfortunately for us, before the, inevitable sp downgrade) ... pathetic!
And now we have the labor party promising to rip-off the franking credits!
HELP! .. I'm already down 6% (after 4 looong years) with this dog and am bailing out ... good luck to those who hold ... you'll need it imo.
CDM Price at posting:
$1.34 Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)