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Ryan1

3,354 Posts.

24

27/10/16

20:05

Post #: 20179493
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Originally posted by HenryEmmett ↑

A difference to SBB is that SBB promised dividends and didn't pay after the first one. XPD paid a dividend so the test will be whether they pay a second - the jury is still out for XPD, whereas SBB is more or less a write off for their holders. The fact that XPD have just had a phantom buy back is a very poor reflection on management though.

The key difference to SBB is that SBB had a strategy of growing by acquisitions but haven't spent their $30m cash in years which either means the number is inflated, no acquisition opportunities were available (unlikely) or management are not managing the business properly.SBB announced spending on 'renovations' but shareholders aren't able to tell if that is a way to extract funds from the business - the fact that profit has been falling shows that the company is being run poorly.

To date, XPD has not put out a poor set of numbers, unlike SBB. Having said that XPD's investor communication is appalling and the stock won't trade at a higher multiple unless they make drastic changes and deliver on promises.

H.E.

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Just for the record SBB paid a dividend back in 2014. GLTA

XPD Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
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