On Monday, June 16, 2003, at 09:28 AM, Katz Global Media wrote:
I meant income based on dividends alone for people holding 1 share at $100 purchase price. On the site it says that they pay out .6
grams of gold per month/share in dividends at this time which is about $6.59 (or close to) per month USD. I think they have a typo
there too becasue it says: (price 100 grams) Shouldn't that be $100? or is it $1000 est. per share?
from the FAQ's
<<""At the time of IPO, TGC dividend is set at 0.60 grams per month per share"">>
Right, I was in a hurry to leave and didn't read the profile -- I just saw some quarterly report type stuff there and moved on. I had just clicked the "Dividends" tab expecting to see payout rates there.
So yes, reading the profile we see a payout rate of 0.6 gg / share / month, and a share price of 100.00 gg. So that's a 7.2% annual return based on dividends alone, and it would take 167 months (nearly 14 years) before your collected dividends completely compensated your initial capital outlay. But again, that's a meaninglessly pessimistic way of looking at it, because it does not take into account the fact that you still have that capital value all along and can recover it at any time.
So Gordon, it's not really accurate to say it would take 167 months before you could "see a profit." If you bought one share at 100.00 gg today and then a month later received one dividend payment of 0.6 gg and sold the share for exactly your original 100.00 gg, you would have already made a profit of 0.6 gg -- the equivalent of a 7.2% annual return on your money.
-- Patrick
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