Day 11 is coming to an end and the worlds' very first dividends have just begun.

 

Rumasa  user

A company hidden behind closed doors, since the beginning has reportedly gone through with its very first dividends. At 999 shares, and 25g in dividends, this amounts to a rough 0.025g/share in a weeks time. Sometimes waiting, is a good thing, a lesson Rumasa should learn in not rushing with dividends before establishing growth. At the current rate of dividends (25g/week), you would have around 1.3g in dividends per 5g spent. This is quite a slow burner in the world of Eclesiar, and I am expecting other companies to greatly outperform the annual dividends of 26% on their investment.

 

The real culprit of this poor outcome is of course how expensive the shares are. 999 shares at the price of 5g each would amount to the eye bulging 4,995g into company coffers, but the reality is much more impecunious. Visible assets only show factories worth 570g. Where is the rest? Perhaps in CEO pockets, or perhaps they have merely failed to make reality out of their overzealous plans. Time will tell if they can impress in this competetive market.

 

Pringles  Pringles

With their recent rights issue at 4g/share and 600 total shares they value the company at 2400g. With factory assets worth 760g and self proclaimed 50g in other assets, they continue to significantly overvalue their company. With this said, since their previous mention, they have managed to increase their factory assets from 300g to 760g, showcasing that they have strong investor support. If they can continue to grow without further rights issues, and justify the huge leap they need to reach the 2400g evaluation, their newest investors could eventually make a profit in the far future. The company is going in the right direction, though they still have a long way to go to justify their 2400g evaluation (currently 4g/share with 600 shares). Overpriced, but going in the right direction.

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