A company cannot simply "brought back money to Japan", how to do that? Unless they make fake accounting such as china companies. But no, they announced profit growth instead. The only way to bring more money back to Japan HQ is by giving even more dividend since the Japan HQ has big stake. But guys, Panasonic Malaysia is a tiny little ant as compare to Panasonic HQ, so even if it gives all cash holding as dividend, it won't mean much for the giant HQ. Now lets talk about current rather low dividend payment. If you look at last financial year booming dividend payment, you can see the big picture clearly. To average the two financial years' dividend, they are actually an improvement over past years. Management utilize the tax exempt deadline thing to safe tax and pay dividend "sort of in advance" in last financial year. This is a demonstration of a good management who is hardworking to maximize benefits for shareholders and the company.
I agree that the yield at current price is not attractive, it's not far from FD. So I'm not suggesting to buy more. I just discuss the real situation. I am keeping my current shares and not intent to increase more. I'll look for other more tempting stocks to put money in.
in its recent quarter report, asset value increased, EPS increased. Previous year its dividend was way too high because of tax thing. Therefore the following year it "rationalized" and lower its dividend. I don't see any "issue" with this as the company shouldn't overpaid dividend. bought some at 19.00 expecting RM1 dividend for the year and that will be 5% yield.
lets buy in dec.. this stock has recurrent pattern last few years.. started picking up in jan and peaked in jun/july before correction period. what do you think?
People , Panasonic is celebrating its 50th anniversary in Malaysia this year. It has reserves of more then rm 500 million and its paid up is quite low. Sould we expect some good goodies from this company this year? Anyone with any thoughts on this ?
Final dividend , special dividend and other goodies will be announced soon in conjunction with Panasonic's 50th anniversary in Malaysia. Big parties planned in Shah Alam .
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
horseman
29 posts
Posted by horseman > 2014-06-27 14:40 | Report Abuse
sad.........