Huge special dividend.To make myself clear when i wrote
"This is more than $7.50 / share.Results will be published mid month.We will then find out
how much will be given back to us."
I meant, that this $7.50/ share is what Goodfellow has on it's balance sheet as excess
capital to run their business.
There is absolutely no doubt in my mind that we(the few shareholders of this company)
will be receiving a portion of this excessif cash.
If they were to give us less than $3 would not make any senses on a capital asset
allocation.They put a NCIB but given the tiny float they were (so far) able to buy back only 14,500 shares
We shall find out if i am right or wrong in about 2 weeks.
Also, they will probably boost the regular dividend to at least $1 from 90 cents / year.
That's a 6.7% yearly dividen yield.