Miclyn sinks dividend boat

Management took out its final dividend in its full-year results, taking analysts by surprise.

Marine engineering group Miclyn Express Offshore (MIO) have found a new way to do over minority shareholders. Management unexpectedly ripped out the final dividend when it announced its full year result.

The move caught analysts by surprise with conspiracy theorists accusing the group of trying to hold down the share price to the benefit of its major shareholders, private equity groups CHAMP and Headland.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles