Just a quick update.
SLA suspension of dividend in 1H is the straw the broke my back. I threw in the towel. Suspension of dividends when profits is still decent, and cash hoard high is a red flag to me.
They have already suspended Q1 dividend, with 1H reporting as an excuse. I was prepared to give them the benefit of doubt since during Covid Period, everyone might err to the side of catious. I would prefer that they give a lower dividend then scrapping it during Q1. So when 1H came and go without dividends, I was aghast.
Just during the AGM, they told shareholders dividend payout is not something they take lightly and they assured shareholders that there is no imminent acquisition. Hence the suspension of dividends bring back memories of S-chip. SLA is SaaS company that is supposed to less affected by Covid, and the results bored out this fact,...