Port Of Tauranga Ord Shs T.POT

Primary Symbol: PTAUF

Industrials

Port of Tauranga Limited is a New Zealand-based company that carries out business through the provision of wharf facilities, land, and buildings, for the storage and transit of import and export cargo, berthage, cranes, tugs, and pilot services for customers. It operates in three segments: Port operations, Property services, and Terminal services. The Port operations segment consists of providing and managing port services, and cargo handling facilities through the Port of Tauranga, MetroPort, and Timaru Container Terminal. The Property services segment consist of consists of managing and maintaining the Port’s property assets. The Terminal services segment consists of the contracted terminal operations, general container marshalling and ancillary services of Quality Marshalling (Mount Maunganui) Limited (Quality Marshalling). It provides customers with supply chains through investment in regional feeder ports and inland freight hubs.

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Port Of Tauranga Ord Shs > Dividend will be cut

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Post by investedwolfon Jan 19, 2016 11:56am

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Post# 24472276

Dividend will be cut

The decision to close a plant when the dividend is near 100% of cashflow sets a perfect backdrop for cutting the dividend. CEO was asked directly this morning on BNN and refused to comment. He was asked why not choose to cut the dividend rather than shut down a 2 billion dollar plant? He refused to answer the question. In the past he always said that the dividend was sacred. Not today, fully expect a 75% cut in the dividend.

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