Naim being one of the most deeply undervalue dividend stocks is now coming back to life
"Nothing is as powerful as an idea whose time has come. There is one thing stronger than all the armies in the world, and that is an idea whose time has come " ...................................Victor Hugo.
From the above we see that Naim gave out the highest dividend of 14.4 sen for year 2006 and on that year Naim lowest price traded was Rm2.89 & the highest was Rm3.66
Surprisingly Naim reached the High Price of Rm6.40 by year 2007 because it attracted High Income Funds looking for Dividends?
And see further
Even in years of 2007/8/9 Naim continued paying out good dividends all through the Subprime Crisis Years when USA was going through The Great Recession
Now that Naim is going to resume its Good Dividend Payout Will Big Funds Sit Up and Take Notice?
1. Naim's yesterday Egm has approved all the proposals by voting
2. Sale of lands to Sarawak Economic Dev Board will now go smoothly as Sarawak Economic Dev belongs to Sarawak Govt investment arm. Since they already received Rm2.95 Billions from Petronas the cash is already in. Can expect speedy payment
3. After payment is received will Company announce Dividend payment
4. It will be Rm90 million or 18 sen (Rm180) unchanged from proposal
5. At 81.5 sen that means 22% yield as compared to Bank FD rate at 1.75%
6. This 18 sen payment will be given within 12 months or earlier
7. You can chose to put money in Bank FD at 1.75% interest rate or keep Naim for 22% dividend yield
8. Investing in FD at 1.75 sen has a P/E of 57.14
Or it will take 57 years to double your money
At 22% Naim P/E is only 3.7 So it will double your money in only 3.7 years
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
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Posted by calvintaneng > 2020-10-05 22:57 | Report Abuse
Prolexus up 124% from May 2020
Please don't chase Prolexus now as Insiders are selling
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-05-06-story-h1506912284-PROLEXUS_8966_ProXmask_The_ProActive_High_Quality_FACE_MASK_product_of_.jsp