| Yogi-- MT HAS TO PAY a div this December, after they close the book for the year. To remain a RIET they are required to pay 95% (dropping to 90% soon by the sounds of things) of their profit. At one point IMO they indicated profits would be around 50% of last year. So--- 95% of 50% of last years profit should be about what should be paid. It is unlikely anyone has an idea if they will do better or worse than last years profit and if they are wise they will use every leagle accounting trick to show as little profit as possible. Just my guess but after the div is paid many may bail putting additional pressure on the share price but if a larger than expected profit is seen (or credit rating improves) some pressure may be removed,,,,,,,,,,,,, having been a shareholder the former seems more likely than the latter.. |
