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Gainesboro Machine Tools. 張慈芳、連欣瑜、邱子益、黃慈宛、吳為楷. Agenda. 1. 2. Dividend Policy. Corporate Goals ● Recent Strategy . Investor ● Doubt on Speculation. Conclusion. 3. 4. Corporate Goals . Recent Strategy. Company Goal. CAD/CAM : Press, Molds = 3:1
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Gainesboro Machine Tools 張慈芳、連欣瑜、邱子益、黃慈宛、吳為楷
Agenda 1 2 Dividend Policy Corporate Goals ● Recent Strategy Investor● Doubt on Speculation Conclusion 3 4
Company Goal • CAD/CAM :Press, Molds = 3:1 • Sale and profit from international arena =1/2 • Half of the new product come from M&A Needs a lot of money Emergency Expand to international M&A R&D
Attribution of the Investor • institutional investors Gainesboro Corporation is not a highly growth company expect to have high dividend • individual investors sell in a short time
A long-term trend Firms prefer not to paying dividends 40% payout is not necessary .
CAD/CAM companies They are expected to be high-potential, so zero dividends-payout is acceptable.
Conclusion • Cancel dividend payout and save more capital to support all the new projects. • buyback partial stocks • increase EPS and stock price • Send a signal to the market (confident on company’s development and expansion) • launch image advertising and name change program step by step • periodically reveal expansion policy and R&D progress • building up a solid image (transformation with highly innovative speed) • The branding campaign should be done before 2011 when growth projects finished. • In 2005, the firm should focus on maintaining revenue growth rate and optimize productions for sustainable growth