So things are going great guns for you. As usual, your insensitive BOD has agreed not to give any dividends-an unfriendly gesture in a good year.Why are we paying you Board allowances?
Also, tell us what you are going to do with the RM359,075,000 of your retained earnings? This issue has been cropping up year after year at your AGM. I guess it will be paraded once more on 10th June.
You have up to 2013 to pay franked dividends and this could be as good as any year to begin to do so.
On top of that, you have yet another RM37,992,000 in a separate tax-exempt account. This could similarly be franked out as special dividends.
This can all be paid in a single tier dividend manner so that it is tax-free to your patriotic shareholders.
Is there any constructive manner you can pay out these retained earnings?
Can it be converted into a paid rights issues?
You can do so by declaring a rights and then internally use franked dividends to pay for them.
It is a win-win situation.
Mr. MEASAT Chairman, are you listening?
Post-script:
Is MEASAT's price moving up because of potential special dividends that will be declared, a paid-up rights issue or both?
Do not disappoint us, Mr Chairman. I do hope your ear-print is as sound as the satellites you have above us.
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