Frasers Property pops on deal rumour
Waning profitability and lowered dividend in recent years likely to have been as disappointing for majority shareholders as minority investors
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MINORITY shareholders of Frasers Property Ltd (FPL) offered lots of ideas during the company’s annual general meeting (AGM) last year about what could be done to increase its dividend rate and boost its share price.
One shareholder suggested that FPL monetise some of its assets in order to lower its gearing and reduce the perceived risk profile of the group, the AGM minutes indicated.
Another shareholder asked if FPL had considered separating its property management business from its capital-intensive property development activities.
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