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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » How did they do it?

How did they do it?

Go down  Message [Page 1 of 1]

1How did they do it? Empty How did they do it? Sat Aug 24, 2013 7:25 pm

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
I am sure this 2 Rs dividend from CFVF is a surprise to most of us. Having only 12.3 M cash in accounts, how does CFVF declare 200 M dividend to share holders? Can we expect some unusual EPS from 9/30 results ?

2How did they do it? Empty Re: How did they do it? Sat Aug 24, 2013 7:43 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
I was expecting Rs 1 for sure as I mentioned it seevral times in the forum. But secretly was thinking of Rs 2 as this is their chance to reward the share holders who went through crap when there was a fraud.

Also to pay they can get an over draft or maybe some good cash flow is there for the next quarter as you said.



@seek wrote:I am sure this 2 Rs dividend from CFVF is a surprise to most of us.  Having only 12.3 M cash in accounts, how does CFVF declare 200 M dividend to share holders? Can we expect some unusual EPS from 9/30 results ?

3How did they do it? Empty Re: How did they do it? Sat Aug 24, 2013 7:46 pm

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Check their 2011 June and Sep Interim reports. Same scenario?

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