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It said its target price incorporates an expected dividend payment amounting to 91 sen a share. Of this, 84 sen a share is expected to come from the sale of 84 aircraft and 14 engines to BBAM LLC
They don't need much for expansion, renting is the aim I believe. EPS of 71sen a share can easily afford good dividend payment of 12sen half yearly n still with lots to spare.
Yes @keng Ming. Agree with you ! They’re disposing assets now. They need announce SD and good dividend because TF and Kama has RM1 billion loan from bank to purchase AA shares. I do believe that they’re announcing good dividend to offset interest payment for TF and Kama. SD is partly to enable them to settle most of their loan debt with bank.
After this SD, they can continue pay consistent good dividend n u look at a P.E of 3.97, this is one heck of a good counter to invest in rain or shine (oil price up or down) is irrelevant, anything just impose surcharge as before. Will it affect passenger's loading, don't think so, it will affect MAS or others more than AA.
