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Milos Designs Makes Positive Mid-Month Report
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Written by Nicolo Luminos
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Tuesday, 20 January 2009 |
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For SLReports.net Forecasts Another L$0.02 Dividend for January...
On January 16th, 2009, Milos Designs (MLS : SLCAPEX) CEO Firstdesigns Milos made a mid-month projection for January, forecasting another L$0.02 dividend.
Milos stated in the official forum post, "The month of January is seeing a stable rate of sales to the month of November. Initial analysis suggests that the small increase in sales during December was of course due to the Christmas period. This month I have continued the testing of currency arbitrage and all is going according to plan. A side-line portion of cash is being made but this amount is currently not a significant one. With the increase in open space tiers being initiated from the beginning of this month this will no doubt eat into the MiLOS margin of profit. An agreed rental payment has been made in order to retract a portion of this increase but other cards are currently on the table with regards to marketing and operations. Trial periods are taking place at the moment with regards to product posters and products in general and as a result net profits are expected to be at a reduced figure for the month of January. Despite this, I continue to confirm my dividend policy of 100$ net profits as dividends and I fully hope to provide a dividend of 0.02L$ per share, give or take."
MLS(SLCAPEX) has been trading slightly lower than it's previous highs of L$1.90-L$3.00, hovering near L$1.55 for the last few trading sessions, still over 36% higher than IPO levels, which MLS(SLCAPEX) exited only a few months ago.
MLS(SLCAPEX) has already achieved a 3-Star Luminos Dividend Rating, having paid L$0.0701125 in dividends in it's short 3 month history, for a 6DYA of L$ 0.011685417, a number that many more "mature" companies aim for even with the full 6 reporting periods by which to achieve it.
One investor, Peperi Franizi, in response to the mid-month update, stated, " Looks like MLS is set to be a "blue-chip" on the exchange." TOP NEWS:
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