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Cresud Sociedad Anónima Comercial, Inmobiliaria, Financiera y Agropecuaria Message Board

  • stotwx stotwx Feb 5, 2013 10:37 AM Flag

    new debt swap negotiations

    today's financial times has article on argentina in new talks on above subject; if this is resolved finally, cresy could, should soar.

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    • I sent them an inquiry regarding the dividend, as a previous user did. This is what they replied with:
      Regarding the dividend declared by Cresud’s last General Shareholders' Meeting held on October 30, 2012. We want to inform you that the Record Date was November 29, 2012 and the Ex-Date was November 27, 2012.
      The dividend declared amounts to ARS 120 million equivalent to ARS 2.417 per ADR.
      The pay date for the ADR holders is in process to be defined

      but according to their website, it is supposed to be paid within 30 days of the date.

      • 1 Reply to thegraham68
      • Cresud wants to pay the dividend. They are waiting for approval from the central bank. The central bank has not declined their request, so that is a good sign. I will write to Investor Relations again and post their response. I'm very optimistic that Cresud will honor the payment of declared dividends. I'm a longtime shareholder and I know that the company has excellent management. They are not crooks.

        Sentiment: Hold

    • I could not view the article. Maybe it will resolve the bond issue, but I don't see them paying my dividend anytime soon. The so called "President" has passed communist decrees, where\when does it end?

      Sentiment: Sell

17.92-0.13(-0.72%)Oct 20 4:00 PMEDT