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
$1.96 |
Change
0.003(0.13%) |
Mkt cap ! $1.204B |
Open | High | Low | Value | Volume |
$1.97 | $1.97 | $1.95 | $312.2K | 159.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 21845 | $1.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.97 | 28702 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 20015 | 1.955 |
13 | 33893 | 1.950 |
11 | 37680 | 1.945 |
9 | 24729 | 1.940 |
10 | 71658 | 1.935 |
Price($) | Vol. | No. |
---|---|---|
1.960 | 5452 | 9 |
1.965 | 47618 | 15 |
1.970 | 23740 | 11 |
1.975 | 94212 | 12 |
1.980 | 78713 | 10 |
Last trade - 10.51am 25/06/2025 (20 minute delay) ? |
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