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David Webb: TIME WATCH Hoarding of Idle Funds Unreasonable; Distribution of DPS $0.53 Urged
David Webb, an independent stock commentator, issued an open letter asking TIME WATCH (02033.HK), which hoarded idle funds, to distribute a DPS of $0.53, and not to invest the Comp...
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David Webb: TIME WATCH Hoarding of Idle Funds Unreasonable; Distribution of DPS $0.53 Urged
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David Webb, an independent stock commentator, issued an open letter asking TIME WATCH (02033.HK)  -0.010 (-3.030%)   , which hoarded idle funds, to distribute a DPS of $0.53, and not to invest the Company's cash in private equity unrelated to its business, other companies' debentures and long-term bank deposits as in the past.

Webb believed that if the amount of the dividend exceeds the current share price, it could have an immediate positive impact on the Company's image and investor confidence.

Webb said in the letter that he had no big problem with the Company's core businesses, which are to operate the watch brands Tian Wang and Balco, but had a view on the capital management of the Company.
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