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MPC Caribbean Clean Energy Limited (MPCCEL) has advised that on August 30, 2019, the Board of Directors of the Company declared an interim dividend of USD 8.9 cents per share (USD0.089). The dividend will be paid on September 27, 2019 to shareholders on record as at September 16, 2019. The ex-dividend date is September 13, 2019.
snatman wrote:MPC Caribbean Clean Energy Limited (MPCCEL) has advised that on August 30, 2019, the Board of Directors of the Company declared an interim dividend of USD 8.9 cents per share (USD0.089). The dividend will be paid on September 27, 2019 to shareholders on record as at September 16, 2019. The ex-dividend date is September 13, 2019.
snatman wrote:What's going on with NEL????
2018 results delayed again, and now Q1 results delayed...
snatman wrote:Stock bantons, what to buy? Everything looking overpriced!
snatman wrote:Stock bantons, what to buy? Everything looking overpriced!
snatman wrote:Stock bantons, what to buy? Everything looking overpriced!
snatman wrote:NEL looking tempting @ under $6...
pugboy wrote:Renaissance debt ?
Ragnor wrote:pugboy wrote:Renaissance debt ?
It already fishy, a 60% debt to equity but times interest earned is above 3 times (excluding property gains). No way that sustainable. I checked expenses and they slashed a lot of maintenance and miscellaneous expenses in 2018 FY.
They also pay themselves a heavy dividend. Retained earnings is low prior to 2018. A 34 million dividend payments whereas dividend payment was 2,500,000
Share Capital is 32,200,000 so they paid themselves a 106% dividend prior to 2018 and then reduce it. So they took out all the cash before 2018 IMO.
Additionally, the public gets access to 1,438,744 shares That's about 4% of the company. Assume next year dividend is 0.58 per share which is payout ratio of 45%, the total income allocated to shareholders is 840,000.
Finally no foward looking statements or director salary info.
Ragnor wrote:So I figured out why the listing.
After reading the notes, they are listing on the SME market. Companies that list there will have to pay corporate taxes of 10%. Their effective tax rate is 33%.
So they offering 4% of their company to the public.
It seems to me that they already have the minimum 25 shareholders to beat the requirement and they already pass the minimum listing market value of $5 mil.
pugboy wrote:how they fulfilling this rule
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7. Public distribution
Following the initial public offering, the issuer must have a minimum of 25 shareholders holding at least 30% of the
new shares issued by the company. These shareholders must not be associated with the Directors, Senior Officers,
Connected Persons and the holders of the ten (10) largest blocks of securities issued.
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so an sme company with assets almost $900m
pugboy wrote:you mean of the 4% shares they will have at least 25 persons/entities lined up already for 30%+ of the 4%
you are a sharp fella
Rockram wrote:What you guys think of the other offering on the market... JMMB APO?
shaneelal wrote:Rockram wrote:What you guys think of the other offering on the market... JMMB APO?
Any feedback on this? Good investment?
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