Everyone waiting for the dividend announcement end of April. This counter never gave dividend all along. It seems they are trying to turn around and give more confident to investor, thus the dividend. Will it be generous? That will determine the stock next move. Should you take profit now? Or wait for the announcement?
FYI, Ng did declare 2 cents per share dividend in 2005 but the issued share volume at that time is much lesser than now. BTW, the declaration of dividend will be announced together with 4th qtr financial result at the end of June 2014.
You should keep it if you're a mid-long term investor.
Technical analysis shows before bonus issue TP 25-30 once break new high 17.5. Many people will sell 18-18.5 and later chase back once cross 21-22, which is just 15.5 after bonus and continue to go 18-18.5 after bonus. This trend will make 90% day traders miss the boat. Ride it below 18 sure bet.
Thanks for the info about the dividend in 2005. Think I will hold it till the dividend announcement in June. Hopefully, it will be a generous surprise.
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....
JimYeoh
1,514 posts
Posted by JimYeoh > 2014-04-14 10:33 | Report Abuse
TP 0.18 today