Will PUBLIC BANK pay share dividend this time round ??

Can PBBANK still afford to pay share dividend in the coming 4Q in Jan 2010 like what she did early this year ?? Tough question isn’t it ?? Lets work out some math here…again need to stress here the figure provided below is base on my best knowledge and information gathering through all sort of channels possible. I do not hold responsibility for the accuracy of the figure provided and it all works out to be approximation and estimation. If someone out there can enlighten the correct information will be more than welcome. Do your home work as well dude, no free lunch in this world.

Just take below figure as good, am too lazy to verify, after all it is just estimate and work out of my own imagination…


Total shares issued = 2,472,348,084

Total shares in treasury (before 1:35 share dividend) = 163,849,950

Shares dividend of 1:35 = 2,472,348,084 / 35 = 70,638,516

Note: just whack the figure in as accuracy is not important here.


Estimated balance shares in treasury (After 1:35 shares dividend)
= 163,849,950 – 70,638,516
= 93,211,433



Do you see what I see ?? Assuming no shares buyback this year, the balance shares left in treasury still remain high at 56%.

I for one still remain confident and optimistic that PBBANK can still afford to dump out some shares dividend if they want to of course at their own discretion, if they choose not to, you are still be rest assured of 25sen dividend in the coming 4Q 2010…. ;>