redfrog
I also am a subscriber to FIIG and check the Hyrid Summary pdf regularly. I was disappointed when they stopped issuing recommendations a few months ago.
I am sure you misinterpreted the latest pdf which had "suspended" listed at GNSPA. As you will remember at the time GNS was suspended on the ASX and I am sure that is what FIIG meant in their listing, not that the distribution was suspended.
However I have now checked the ASX upcoming dividend sheet for the next week and GNSPA is not listed as going ex.
Thus I think that a decision was made by the board not to distribute but they did not publish the decision. This would not be unlawful as the pds simply says that if a distribution is not announced then it will not be paid and then certain conditions come in to play. I think it was a poor show of the board not to have announced such a decision once it was taken and the fact that the shares were suspended at the time is no excuse.
With there being nothing published on the GNS web-site and ASX announcements I can't be certain and thus I will be watching this board to see what reply you get to your query with GNS management. Perhaps there is some hope of a distribution............???????????
- Forums
- ASX - By Stock
- gnspa
redfrogI also am a subscriber to FIIG and check the Hyrid...
-
- There are more pages in this discussion • 91 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GNS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online