I had written to the Investor relations team on lack of a dividend. My mail was "I am looking to invest in Pan Hong. I was expecting a dividend of 1 cents per share in line with previous years. I saw that Pan Hong has good sales growth and NAV growth for FY 2014. However, the dividend has been cut and no dividend is being paid. Could I know why the dividend is not being paid for FY 2014?"
The mail reply was
"Thank you for your email.
The Company does not have a policy on payments of dividends.
The form, frequency and amount of dividends declared each year will take into consideration the Group's profit growth, cash position, positive cash flow generated from operations, projected capital requirements for business growth and other factors as the Board may deem appropriate.
For FY2014, no dividend is declared as the Group is prudent with its cash flow requirements for its business operations, future development and expansion."
Disclaimer :-
I am not an investment professional.
I encourage you to do your own independent "due diligence" on any idea that I write about, because I could be and probably am wrong.
Nothing written here is an invitation to buy or sell any particular stock.
At most, I am handing out an educated guess as to what the markets may do.
The market will always find a new way to make a fool out of me (and maybe, even you!).
Even the best strategies of the past fail, sometimes spectacularly, when you least expect it.
I am not immune to that, so please understand that any past success of mine will probably be followed by failures
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