Neratel

[VestedInterest]

If one looked at their FY11 report in Jan or Feb this year, they actually declared a 4 cent dividend pending the Scheme. Since the Scheme is now off, they should be giving out this 4 cents which was what was declared 2 years ago when they upped the annual dividend from 3 to 4 cents. At 40 cents the yield would be about 10%.

Not true. I think the 4c you saw in the report was for the corresponding FY10 result which was paid out 12 May 2011.

The 6c dividend was part of the scheme. And in the meeting, management has clarified that if the scheme did not go through, then there will be no dividend paid. Pending the outcome of the meeting, management will revisit the issue of dividend payment.

So the speculation now is whether they will paid an interim special dividend in Nov. Neratel paid one (a real juicy 15c) in 2006 after they sold off their stake in Nera Electronics.

Oops! Yes, I made a mistake. Sorry about that. So we will wait and see.