SEH sino gas & energy holdings limited

Repatriation of funds

  1. 916 Posts.
    lightbulb Created with Sketch. 217
    I follow another stock TTC which regularly pays dividends and I noticed in an announcement today that China hasn't given authority this time to repatriate funds, via dividends, outside of China to TTC's shareholders. Clearly some shareholders already knew because with a PE of around 3, market cap of mid $50's millions now (and a profit of around $9mill for the most recent half) and a very profitable company and solid business the share price has been plummeting.

    This may be a concern for SEH in the future - it is just so hard to trust China and no doubt one of the reasons that a lot of high wealth individuals, brokers and institutions, etc wont touch SEH.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.