OTCPK:HCGI - Post by User
Post by
JRaffleson Mar 29, 2017 10:27am
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Post# 26045812
Dividend Logic
Dividend LogicIn 2016 KL paid $10m in Debenture Iterest. In 2017 50% of the debentures will be paid off, leaving a Deb interest charge of circa $7.5m. In 2017 the 2Q's Dividend from end of June 2017 will amount to about $4m. In conclusion, the dividends will be paid for by the partial repayment of Deb's in June 2017 and their complete repayment in Dec 2017. The scope for dividend increase in 2018, as a result of the complete discharg eof Deb Int and also increased earnings, could be stunning.