RE:RE:RE:RE:RE:RE:RE:RE:$11 Handle NecessaryMy email to ALA >>>
The same clueless Executive Vice President and Chief Financial Officer, Tim Watson provided the details of 2017 and 2018 balance funding plan and capital plan with huge failure the first move by your senior executive specially the new CEO and BoD should fire him and replace him then your clueless BoD must be replaced ASAP , you don't have any credibility any more ,you destroyed investors while the big clueless making big salaries its really shame
after their replay to me >>>
Our Executive Vice President and Chief Financial Officer, Tim Watson, provides the details of our balanced funding plan, financial outlook and capital plan for 2019, including the results of our dividend policy review and an update on our asset sale program.
WalterWhy wrote: YodaLayhehoo wrote:
FCF is not the point. The point is that banks are not funding Capex anymore. That's why we're seeing companies funding Capex through asset sales. That will change eventually specially in this sector but if it doesn't change soon the dividend is the first thing to go. That is why it makes no sense to say ENB IPL ect are more attractive because of the yields. The real more attractive company is one that is paying dividends out of EPS.
Except that ENB just increased their dividend by 10%, and put out a statement that they expect to do it again next year. You know, what management SAID they would do when they announced their mega transaction.
Meanwhile, management of ALA said they expected to raise their dividend 8-10% per year and instead has now slashed it 56% and continues to employ a CFO / M&A "expert" that gets paid a base salary of $400k/year to continue rewarding his investment banker pals to the detriment of ALA shareholders.