Post by
Infirstmoney on Jun 17, 2014 2:51pm
No Divy :( ......oh no!
Look for a HUGE drop in SP
Comment by
farco on Jun 17, 2014 3:43pm
It's not a complete divi cut you know.. "Mart's Board of Directors have deferred the decision to declare a quarterly dividend until the Board is able to fully assess the capital needs for the Company's ongoing business and growth opportunities."
Comment by
Claired on Jun 17, 2014 3:47pm
They better dish out a dividend. It's really the only thing that makes this Nigerian rollercoaster worth holding for. I mean unless they want to watch the stock hit rock bottom and make all their rights and warants worthless. A break in the dividend is also a huge hit to Mart's reliability.
Comment by
vestor111 on Jun 17, 2014 3:54pm
LOL Well put. I was mulling similar...but then there is the pipeline. I wonder how quickly MMT will pull load of the Ugip at a 28% loss rate. W T F.
Comment by
gibbonsj on Jun 17, 2014 5:43pm
Claired, that MMT is a rollercoaster is what makes it worthwhile to trade and not so much of hold. Always made more than the divi by buying xdivi. Today is no different.
Comment by
green24 on Jun 17, 2014 6:19pm
The only shock was that they took this long to do it! Blam! How ya like me now?!? There will be blood. Lots of selling in the coming days imho. But catch the bottom of this micro swing and you will be golden. GLTA MMT longs.
Comment by
Claired on Jun 18, 2014 12:29pm
Considering most of the information I skimmed through on that info cirricular was about dividend re-investment (which is financially the same as not issuing a dividend) I should have seen this coming. Actually, this will make the stock worth more as it won't drop post-dividend when the cash is removed from the retained earnings. The dividend was nice though.