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[sharechat] Dividends

From:	Harley <tomhow@paradise.net>
Date:	Wed, 10 Mar 2004 21:36:05 +1300



The NBR share tables show that  LPC and TPW amongst others paid out  in 
dividends per share  more than the company  earned per share.

 To me this is not sustainable, bringing to mind TEL and TRH  both companies 
who went down this road in the past with subsequent financial difficulties. 

I sold  TPW at about $4.00 for this reason [ they then went in a short time to 
$7.00 showing how good my  judgement is.]   

However TPW  have from recollection paid out more in dividends than profits 
earned before this and I wonder if anyone  else has thoughts on this 
practice? 

Harley


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Re: [sharechat] Dividends tennyson@caverock.net.nz

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