TAFL - Dividend Pending

Bull Master · 1 TAFL - Dividend Pending Thu Feb 11, 2016 9:23 am

Bull Master

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TAFL has paid a dividend in Feb 2015.

With the extraordinary profits this time they could declare a higher dividend probably in the range of Rs5.0 - Rs6.0

What's your idea.

EquityChamp · 2 Re: TAFL - Dividend Pending Thu Feb 11, 2016 9:35 am

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For the last five years they have only paid a dividend in last year and that is even 52 cents. Looks like they are very reluctant to distribute. Can't expect anything more than 1/- from them even this time.

Bull Master · 3 Re: TAFL - Dividend Pending Thu Feb 11, 2016 9:47 am

Bull Master

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Yes that's the argument here. They were not in a strong foundation couple of years ago. Now they have streamline every thing and profits also booming.

Hence this is the best time they should treat their share holders. In fact more than 68% of TAFL is owñed by GRAN.

And the GRAN's main shareholder is a Singaporean company. I strongly believe that this time they will come with a very good Dividend..

VALUEPICK · 4 Re: TAFL - Dividend Pending Thu Feb 11, 2016 10:57 am

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Bull Master wrote:TAFL has paid a dividend in Feb 2015.

With the extraordinary profits this time they could declare a higher dividend probably in the range of Rs5.0 - Rs6.0

What's your idea.

I think firstly, they will consolidate more in their business rather than declaring higher dividends. Management has some prudent polices. This company is reducing their liabilities such as debt massively while developing their various business segments. It was using its improved cash flow to pay down debt as well. Companies having less debt or no debt are better than companies having mountain of debt.

However, we can expect higher dividend than last financial year.

Later, they might implement polices such as stocks buy back, bonus issues or more dividends if they don’t have any attractive investment opportunity.

Globally, Markets are having sell-off but not for poultry related stocks. From Asia pacific region to the USA there is a great demand for food related stocks especially for chicken, egg and soup companies.

Today one of the Australian poultry companies is trading heavily and have appreciated by more than 9% and it is outperforming broader market.

https://nz.finance.yahoo.com/q?s=FRM.AX

Farm Pride Foods Limited (FRM.AX)

http://www.fool.com.au/2016/02/03/4-shares-zooming-higher-on-the-asx-today/?source=aptyholnk3030003

The S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) is crashing, currently down 2.0% in early afternoon trade. Falling oil prices are creating havoc among energy shares and the big four banks continue to see their share prices pummelled.

However, these 4 companies are seeing their share prices soar…

Farm Pride Foods Ltd (ASX: FRM) share price has rocketed up 23% to $2.00, following a profit upgrade late last week. The national egg supplier also said it was using its improved cash flow to pay down debt – something the company has been doing consistently for the past 4 years. Investors are clearly expecting bigger and better things from Farm Pride Foods in the years ahead.

Vmoto Ltd (ASX: VMT) share price has jumped 4 cents or 13.3% to 34 cents. The electric-powered motor scooter manufacturer today said it sold more than 23,300 units in the fourth quarter of 2015 – up 18% over the previous year. The company has also launched its range in Australia and secured an order to supply 300 units to a large European supermarket group. Vmoto also says it is on track to report around $5 million in underlying net profit for 2015.

Redflow Ltd (ASX: RFX) share price is up 10% at 22 cents. The maker of zinc-bromine liquid batteries is attempting to compete with Tesla’s Powerwall energy battery for home energy storage. Redflow is gearing up to test its batteries with executive chairman Simon Hackett installing two at his Adelaide home, according to The Australian. Redflow says its batteries are better for home use than Tesla’s, lasting longer and storing more power.

Fortescue Metals Group Limited (ASX: FMG) share price has jumped 3.2% to $1.64, after the iron ore spot price gained 1.9% to US$43.84 a tonne, maintaining a solid base over the past week. That has seen Fortescue’s share price gain 7.2% in the past five business days. Still, the iron ore miner’s shares are down more than 30% over the past year as the iron ore price plunged, and the miner worked frantically to lower its production costs.

Good luck!

Shammi Dharshana · 5 Re: TAFL - Dividend Pending Thu Feb 11, 2016 12:18 pm

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Regnis devident pensing

worthiness · 6 Re: TAFL - Dividend Pending Thu Feb 11, 2016 2:07 pm

worthiness

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Since GRAN has the controlling interest over TAFL & possible low level of GRAN financial obligations there is a high chance of using excess cash flows for business development & diversification. If so, investors cannot expect high pay out per share.