RE:Q ok, raises dividendthedave2006 wrote: https://ca.finance.yahoo.com/news/rdm-corporation-reports-fiscal-2017-120000971.html
gee dave it seems we are the last of the mohicans on these boards...not many originals left.
Anyway, this is steady as she goes. Lots of cash generation, lots on the books, no debt, and expanding organic growth. Nice to see along with the divi increases. They could do more with the dividend but as I have said before I'm ok with it on this one. Financial institutions are highly regulated and won't do business with fly by night businesses and the cash on the very clean balance sheet helps them with customer confidence and customer acquisition. They have to pass fairly rigid compliance audits and the roll out in to new clients is slow but understandably so since if it was my business, I wouldn't want to chance using a third party that will only irritate my own clients. So it seems many, suc as Santander for example, roll it out to limited clients, see how it goes, and then continue the roll out. I belive RDM said that by the end of March they would see more significant seats acquired from Santander....one year after the news.
Slow and steady is just fine for me and all shareholders as far as I am concerned.