Again another thread for TJL's dividend? Earlier you've agreed to stop this nonsense promotion of TJL with daily updates and coming short???
I think, there is enough new developments (Q3 accounts, Chairman's new revelations) to discuss further about TJL.
(Whether it is in a new thread or continuation of a previous thread is another matter )@econ...
....Profits has gone down this quarter......@Fresher
..........so has dividends.....
You have observed two important points , which is not that visible , in the accounts /chairman's statement.
Going thro' its recent /past presentations, specially Chairman's statements , I can sense that the Company itself is promoting it's share price.
Usually companys' do this targeting a Rights Issue. But in this case, they have enough cash reserves, no liabilities, backed by strong shareholders (who collectively own around 75%), so I don't think of that possibility.
But there is a new revelation.....TJL entered into a Technical Service and Management Agreement with Ocean India Private Ltd, a knit fabric manufacturer located in India. This arrangement is expected to provide TJL with knowledge and experience in regional markets. .
Given the company' strengths ( as stated by Chairman).... size of order back, reputation of clients, capacity expansion, cost reduction measures, competency of management..... , I wonder what is this need.
I think, we can expect some further developments relating to this new arrangement.