SNC 0.00% 68.5¢ sandon capital investments limited

Reinvestment plan, page-2

  1. 1,895 Posts.
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    Those who are SMSF holders would have purchased SNC for there consistent dividend and relatively good consistent return. It is hard to imagine that those holders are going to elect to partake of the DRP when income in portfolios has been depleted substantially with deferred or cancelled dividends. Where there is a choice it is likely they will choose not to partake. No doubt at times like this it is better for SNC to retain capital until the economic situation improves and ensure that the company has adequate cash to take advantage of the companies whose share prices have crashed into well undervalued territory. If holders can afford to elect DRP then they should definitely elect to DRP. All IMO
 
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