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04-03-2012, 01:59 PM
With tesco, it is in a lot of cities in 2, 3,4 tier cities if I am right....so, effective, it is a huge investment??? Do enlighten me......
I have a batch of metro buy at a high price and did not sold that batch....till date, after all dividend and bonus, it had more than break even.....
All my other batches are all in a profit......but as you say, we have to wait for a clearer picture.....
I have a batch of metro buy at a high price and did not sold that batch....till date, after all dividend and bonus, it had more than break even.....
All my other batches are all in a profit......but as you say, we have to wait for a clearer picture.....
(04-03-2012, 11:40 AM)greengiraffe Wrote: FYI Metro's stake in Tesco related ventures is 10.7%. Overall due to the lack of new projects and collateral asset investments, Metro's real earnings capability and cashflow generated from existing properties holdings will become clearer since the last few financial years' results are clouded by one-off lucrative assets sales.
While Metro has a solid cash back balance sheet, its policies to return to shareholders and hence unlocking the real value remains to be seen. Historically, special dividends are linked to asset sales and also the huge bonuses paid to Jopie Ong.