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900mil/24b shares issued is 0.375per share. Depends on management how to distribute cash generated from JV ballymore project. Let’s see what will happen in fourth quarter, hopefully is exciting news. During 2020 the management declare to aim 6 sens dividend in report which they keep their words to declare 1 and 5 sens on March and May 2021 respectively. I trust the management
Just read the report dude. The management aim to distribute 900mil excess cash to shareholders by the end of 2023. Take you 2 mins to glance through the latest QR “press release” report. I get the info from report too lol
Teow has mentioned their target is to monetising the completed stocks and return excess cash to shareholders. It’s exactly the same from the annual report. 6 more project to be launched ew London but depends on market. Rising development cost higher than the rising housing price.
@Kang Hao Ng, you are just right about the future promise of 900M distributions. This 900M is used by the boss to sustain the stock price during rainy day. Now is the rainy day, If you bought your share at 0.30 or below probably worth to stay, but for those who holding from day of IPO, they just wish to minimize their loss.
IMO, Ewint future is little loom base on the England Economic outlook for the next 3 years. England GDP for 2023 might be negative.
I don’t get what you mean. Your thinking is to minimise the losses before getting the dividend promised from the management ? How does it work? 900m is the money from JV which due to accounting treatment won’t show in ewint account. You will get me if you have gone through all annual report. I didn’t ask you to keep cyclical stocks like ewint (property development sector) for 20 years. But you need to follow the wave to earn good money in shares market. I just comment here because people just talk without reading the report. Not saying you, just general speaking
