The problem with this company is that they have a huge debt in the books as a result, the interest payment is eating into their profits. However, as the company wants to declare more dividend, basically they are distributing dividend from the reserves and hence the reserves are depleting. Not sure whether it’s a good decision to invest in this company. Unless the management has a plan to boost their revenue, just by looking at the dividend yield or the property base, it is not advisable to put one’s hard earned money into this stock.
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