Jordan5. Could not have said it better myself. I agree 100%. Dividend policy is a joke for this company. I also agree the promise dividends will be reinstated next year can be taken with a grain of salt after today. I don't mind the fact they are retaining all profits for growth opportunities. This is sound financial management. But I do mind when they drop this bombshell on shareholders at the last minute with no warning. The entire market expected a dividend especially considering their recent trading update announcing a reasonable profit. The market has been tricked. I still like the companies outlook and will continue to hold, but management now has much less credibility in my view. Hope I am wrong but this will be down 15% - 20% at open tomorrow.
TSM Price at posting:
44.6¢ Sentiment: LT Buy Disclosure: Held
