Toby Hall Dividend3 May 2019 11:51
Any talk of throwing Toby under the bus is crazy in my view,not only has he reinvented MMX into a pure play registry but has engaged blockchain ,turned loss into profit and grown the company to the point where dividends are on the agenda. That said ,it does not mean that we should not question and at times disagree .I reject claims that the management can do nothing about the SP,the rejection comes from years of experience in investment banking.The fact is a company can be made an attractive investment or not. Dividends ,amoung other things ,are an essential investor incentive,what I can’t know is what plans TH has that would require funds,however assuming that there is no immediate cash call and having $10m + in the bank ,a dividend is affordable and necessary.Yield is of no importance at this stage,the market has zero expectation of an AIM company yield,merely joining an elite group of profitable and dividend paying AIM companies (only 20% on AIM) would have a positive effect.The market views dividend paying as a positive discipline for a company to have and we should embrace it as part of our progress.