As for the dividend announcement tomorrow, here are some reasons why I think they will maintain what they announced on 19/02/2009:
-their profit guidance is around last year's profit levels so that is one reason why they would keep their dividend at that level this year
-they have already gave investors some hope that the dividend will remain the same as last year in their announcement on 19/02/2009 by saying that it is "anticipated" to be the same. If they change their mind, investors will lose further confidance in the company and it could lead to a very substantial fall in SP by institutional investors who do not appreciate non-disclosure
-the directors hold substantial amounts of SSM shares (most with over 1m shares) and as such, they will probably not want to see their share portfolio crumble. Also, I am sure they would be happy with getting a dividend themselves as shareholders
-by not giving a dividend, the share price may fall making it not desirable IF they want to ever get further funding by issuing more shares.
-finally, I think they probably would prefer not to make any more "surprises"
-if you do decide to decrease it, it probably wont be by much for the above reasons.
Anyhow, who knows but thats what i think. :)
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As for the dividend announcement tomorrow, here are some reasons...
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Last
$1.92 |
Change
0.010(0.52%) |
Mkt cap ! $1.182B |
Open | High | Low | Value | Volume |
$1.88 | $1.93 | $1.88 | $4.423M | 2.307M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 344 | $1.92 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.93 | 75260 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 344 | 1.915 |
3 | 46781 | 1.910 |
3 | 31475 | 1.905 |
1 | 3252 | 1.900 |
1 | 3438 | 1.880 |
Price($) | Vol. | No. |
---|---|---|
1.930 | 75260 | 5 |
1.935 | 34220 | 3 |
1.940 | 7715 | 1 |
1.950 | 23000 | 2 |
1.960 | 6000 | 1 |
Last trade - 16.10pm 23/06/2025 (20 minute delay) ? |
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