Should I accumulate for the dividends?
$Asian Pay Tv Tr(S7OU.SG$ Company reported net loss for 2023 but good to know that the projected dividend of 1.05 cents will be not affected. Based on the current stock price, the dividend will be more than 11%! If the price drops further, I might want to accumulate some more...
As quoted from the latest report:
"It is important to note that an impairment loss is a non-cash item and will not impact the Group's operations or cash flows. The impairment loss will also not impact the Groups financial covenants for the onshore and offshore borrowing facilities, which were reset in December 2021 and July 2023, respectively. There will be no change to the distribution guidance of 0.525 cents per unit for H2 2023, and 1.05 cents per unit for the full year 2024. The Group continues to generate healthy cash flows rom its subscription-based product offerings, namely Basic cable TV, Premium digital TV and Broadband."
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candy jem : me too!
Deep Sea : This stock is cheap and good for dividend.
Genesid : May I ask if you still accumulate as the share price now means more than 12% dividend
HappyGotLuckyOP Genesid: I still accumulate if the price is good. Dividend SHOULD remain at 1.05 ct, so it is good. I would keep for 2 yrs. But you never know.