SDG 0.00% 7.3¢ sunland group limited

Not sure if you all saw the latest Co announcement:SDG wiil be...

  1. 190 Posts.
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    Not sure if you all saw the latest Co announcement:

    SDG wiil be applying the settlement proceeds of $29.7 million from part sale of HEIGHTS-PIMPAMA to reduce their debt facility.

    So, I wouldn't be expecting any dividends - presumably the company is more interested to pay off the debts - reducing total liability /share.

    This will no doubt mean net asset value relative to share value must now be in excess of $2.60 of which we can only see $1.25.

    Great for the company directors if they want to go private not so great for minority shareholders which presumably have to endure suppressed SP value for a long time to come!
    Last edited by Payam: 10/06/20
 
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