Have been in Troy for many years and have just bought more stock in the last week.I nearly fell off my chair when I realised that this is probably a dividend dropper because the number of shares on issue will rise to say around 160 million.( Troy has always prided itself in keeping the issued capital under the 100 million mark ) A 10c div will now absorb approximately $16 Million instead of $9 Mil.In my most humble opinion,for what it is worth, it is a great deal for AZH, who will potentially receive a dividend in August.However it could be seen like a smack in the mouth for people like myself who depend on the annual dividends coming through and increasing over time. My other concern is how long will we need to wait before the extra shares become earnings positive and improve Troy's share price? I know we have to take these things on trust and hope the board is on to a real winner but at the moment I am somewhat gutted.
TRY Price at posting:
$2.07 Sentiment: Sell Disclosure: Held
