@Ismylife73, true that 99cents was giving out, price adjusted that to .48 on ex, then further drop to .3 then price stays flat till recently, in the end u didn't really earn because price will be adjusted.
@sakuro525 yes, the price will readjusted after ex date of dividen. It was really a bad example given by me..
The 2015 annoucement of 99cent (65 cent only in term of dividen while the rest in term of share) was part of the capital reduction which reduce the par value of RM 1 into RM 0.12. Hence the price plunged was severe as the company distributed more share.
On the other hand, current proposal of 19cent special dividen is due to disposal of its non core asset (bangunan ecm libra near menara bursa there)
The disposal was because the ecm wanted to focus on the hotel segment (sri langka and tune hotel)
My forecast is the stock price will rally up to 0.6x after the dividen proposal have been confirm. Either want to sell it before the ex date or wanting for the dividen should not be an issues since we already taken the profit.
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....
Posted by Freshman73 > 2017-05-29 12:27 | Report Abuse
Multiple 10k unit of RM 0.56 queue for buying (Almost 100k total today). Something is fishy about this stock.