Re divi/market cap. Agree for a profitable/trading company. My point is that the divi in this case was proposed to be a return on capital invested (ie the $3) & held on effective deposit by BCS during construction and the return (i.e. it was effectively interest on advance payment by shareholders to fund construction)& was described as a fully budgeted part of pre-start expense. By making it a percentage of market capitalisation, BCS are penalising investors for the low share price even though in many cases they have invested the $2 or $3 in instalments rather than the $0.001 on which the piddling market cap is based. It's doubly insulting because BCS themselves arguably floored the share price & certainly any ability for investors to sell by reneging on the distribution in October 08. Last but not least, the setting of distribution as % of market cap actually gives BCS a great incentive not to support the share price.
BCS Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
