Nice post. I have similar thesis but worry about parent company not returning any cash to shareholders via dividends or sig buy backs.. Any change in views recently?
This particular concern has been repeatedly emphasized by different shareholders during the recent earnings call. The company is fully cognizant of this issue and has expressed its intention to utilize cash reserves in a manner that maximizes shareholder value, primarily through investments thus far. Additionally, they highlighted their commitment to benchmarking against industry best practices. Interestingly, a significant competitor recently distributed a substantial one-time dividend, yielding around 40%. It is hoped that this development will prompt the management to reconsider their approach and to issue a dividend as well.
Thank you for your kind words, Vinicius904! I aim to post at least once per month, with the frequency also depending on the discovery of new quality stocks. Stay tuned!
Nice post. I have similar thesis but worry about parent company not returning any cash to shareholders via dividends or sig buy backs.. Any change in views recently?
This particular concern has been repeatedly emphasized by different shareholders during the recent earnings call. The company is fully cognizant of this issue and has expressed its intention to utilize cash reserves in a manner that maximizes shareholder value, primarily through investments thus far. Additionally, they highlighted their commitment to benchmarking against industry best practices. Interestingly, a significant competitor recently distributed a substantial one-time dividend, yielding around 40%. It is hoped that this development will prompt the management to reconsider their approach and to issue a dividend as well.
I have not come across this stock before and I linked to your piece in my post for today - Emerging Market Links + The Week Ahead (April 1, 2024) https://emergingmarketskeptic.substack.com/p/emerging-markets-week-april-1-2024
Another rare Gold one. You should POST more often. Great substack. Best regards
Thank you for your kind words, Vinicius904! I aim to post at least once per month, with the frequency also depending on the discovery of new quality stocks. Stay tuned!