On Monday, June 30, 2003, at 05:08 PM, Danny Van den Berghe wrote:
But if they have enough profits to pay 30 kg of dividends every year, then
it does not make sense to raise 40 kg in an ipo.
It does if they want to continue receiving those dividends.
If you were getting 30 kg a year in dividends, would you want to forgo them for a whole 1.33 years in order to save up 40 kg?
Of course, this is all speculation. We simply do not know what portion of TGC profits if any are paid out to the 90% at this point. They could just as easily get no dividend payout this year, and their entire dividend liability for the year could just be the 2880 grams paid to the public. Or it could be somewhere in between the two extremes here.
-- Patrick
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