I think some investors may assume final div. "may" still pay HK$0.02. If so, total annual dividends would be HK$0.04/share.
Now 018.HK is trading at HK$0.44, so that "expected" dividend yield "may be" = 0.04/0.44 = 9.09%p.a. ... seems quite attractive?
But, if we look at the income details of these 6 months results, there were HK$31.713M Government Subsidies(from HK & Australia Gov't) and HK$28.262M foreign currency exchange gain. Hence, if excluding these two figures, the interim profit would be only HK$27.348M(now reported HK$87.323M), i.e. @HK$0.0114/share.
My conclusion is: the coming final dividend "may not" be $0.02/share.
P.S. At 30Sep2020, 018.HK's net cash per share was 6.3838/23.97918 = HK$0.266/share.
To share my little thinkings about 018.HK:~
回覆刪除Interim div. HK$0.02 ...
Final div. ?
I think some investors may assume final div. "may" still pay HK$0.02. If so, total annual dividends would be HK$0.04/share.
Now 018.HK is trading at HK$0.44, so that "expected" dividend yield "may be" = 0.04/0.44 = 9.09%p.a. ... seems quite attractive?
But, if we look at the income details of these 6 months results, there were HK$31.713M Government Subsidies(from HK & Australia Gov't) and HK$28.262M foreign currency exchange gain. Hence, if excluding these two figures, the interim profit would be only HK$27.348M(now reported HK$87.323M), i.e. @HK$0.0114/share.
My conclusion is: the coming final dividend "may not" be $0.02/share.
P.S. At 30Sep2020, 018.HK's net cash per share was 6.3838/23.97918 = HK$0.266/share.
Btw, if UA Finance acquires PrimeCredit, it will be the local No.1 "loan shark".
回覆刪除UA Finance belongs to 086.HK.
Thanks a lot
刪除