Just FYI, as advised by Exco member prospect is very good coz Co has zero borrowing on term loan buying land n mostly on JVs with landowners. Only needs bridging loans for construction purposes n which loans r dispensed in stages during construction period n at same time can sell to public with end financing loans. This enables gradual income from sales n interest n capital on bridging loans greatly reduced. When financial climate improves globally CO’s performance will be enhanced with higher dividends! Let’s pray for it. Meanwhile if get profit can sell n buy at below 28sen.

If u want to bet for future, any price can in, because this counter no future prospect yet. The boss said edy, due to uncertainty and covid, UK and Aus venture is loss making. They complete the project, get back money and payback to shareholder now. So in future if they found any prospect, may require shareholder to inject new capital. But so far no news about any future prospect.

the recent dividend is due to capital reduction, which is payback of share holder's fund, not derived from the profit/ business operation.
Confirmed thing is 500m to payback for 24 and 25, which 144m paid, 6sen per share. Another 5sen proposed in qr.
We have no idea what the company going to do after this.
If u are to buy this share for capital gain, just forget about it.