Shareholder value - The 2023 annual results and the distribution of profits should be finalised by the end of the week. It should then be clear how high the profit distribution to MJS will be.
please see here: https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0313/2024031300387.pdf
It is likely (as likely as it can be for the company) that the announced information on shareholder value will come shortly afterwards. Whether this will finally be decent or another complete disappointment, we will have to wait and see.
In my opinion, selling now would be a very bad idea. In my opinion, the risk/reward ratio is clearly in the chance range. But I have often been disappointed despite completely justified hopes. Why it should be different this time is a legitimate question. Especially as the Comapny group is once again unable to keep to its own schedule and MJS publishes a completely inadequate press release. The question is, why does the small shareholder majority accept this level of persistent incompetence?
We will see what will be published in the next 2 weeks.
Regards
Richard
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