Company's ‘unacceptable’ decision not to reward patient investors with a dividend has further shredded an already weak share price.
Long-suffering shareholders of UK-based mall owner Hammerson, whose market cap has shrunk from R100bn to less than R25bn in the past five years, have been dealt another blow: they’re not getting a final dividend for the December reporting period.
That’s despite the real estate investment trust posting a 60% increase in adjusted earnings for the year to December. Net rental income, meanwhile, is up a healthy 29%. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Talk – Position your company as an industry leaderGet featured on Business Talk and cement your brand’s position as a market leader.
Read more »
The best company to take care of all your Android and iOS app development needsIf you are looking for a company to take care of all your app development needs, then Codehesion is the perfect choice.
Read more »
The best company to take care of all your Android and iOS app development needsIf you are looking for a company to take care of all your app development needs, then Codehesion is the perfect choice.
Read more »
Thabo Bester and Dr Nandipha made millions from a construction companyConvicted rapist and murderer Thabo Bester has been running a scam construction company with celebrity doctor Nandipha Magudumana.
Read more »
Investment company ordered to pay over R800,000 after client’s email hackedJudge found that PSG Wealth Financial Planning had not complied with its own policy to protect clients against cybercrime.
Read more »
Opportunities for investment at Trellidor widenThe company has overcome the constraints of the recent past, and management is forging ahead
Read more »