I think your cashflow perspective is of some importance. A lot of the profits are paper profits are they not? Because cashflow is so poor there is a need to sell more and more shares which leads to significant dilution, especially since the pps is so low in relation to earnings per share. As long as this dilution goes on the cash dividend has limitid value, although I support the cash dividend. Once the dilution comes to a halt a meaningful cash dividend in relation to earhings per share will have a good effect on the pps I think.
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