If banks with all there cooks inside the kitchen cant make out what is happening in the coming 4 months, then all those banks should be doing some serious thinking their survival along with SGH.
However ,if they see that SGH has recovered lot of ground during these 2 mobnths of calendar year and is going to do even better in coming 4 months, then supporting with 14 million dollars needed for 4 cents per share interim dividend is not the end of the world if it delivers few hundreds of millions of appreciation in market cap of SGH.
Yes if I was one of the banks and the business was sick and not going to recover, I wont . But that is not the scenario here.Maintaing interim dividend will help in many many ways in accelerating recovery of SGH........................
SGH Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held