What is Goldman Sachs, JP Morgan, Deutsche Bank? etc. reported cases have indicated that these so-called big boys are also cheats and have been fined by respective authorities for scandalous frauds.
Trust yourself, trust your own judgment. Trust the reality right before you. 0.32 sen repayment and 20.5 special dividend goes into your wallet when the relevant conditions are met. Simple as that. Worst case scenario, RM 525 return for 1,000 units you hold. (e.g. RM1.30)
I remember the case of RCECAP which was having similar cash repayment & consolidation of 7.5 sen. There appeared many experts too giving multiple negative and dampening views. Those who persisted stood to gain handsomely.
ALCOM still rocks solidly today despite the TRUMP TURMOIL which make global markets quiver a bit. Waiting anxiously for board management to fix the EGM date to pass the resolution to kickstart the capital repayment proposal. Proposal scheduled to be completed by September.
Yes...price has also been dropping from as high as 1.42 to 1.33 now and even may drop further. Not much choice but to hold on until the 3rd quarter, the proposed 20.5 sen dividend and 32 sen capital repayment, or to cut losses in short term.
Yeap! Dividend 20.2cents is too attractive as for share price below RM2. AirAsia 12cents dividend share price also need at RM3.Tongher also one of example, steady up.
technically i'm not expert..but judging from tongher movement when it declare dividend, price goes up from 2.80 to as high as 3.80.. for alcom..price start jump up from 1.30 to 1.60, still a lot of room to rise..
rm2 is still low price compared to DY of 20.5sen..if the price goes beyond 1.65 i will be happy to keep until after EGM..capital repayment is too attractive though..
EGM already fixed at 26/6..of course the price will drop (adjusted)..but that means u are buying 50.5sen cheaper than current price..wouldn't that be nice?
Circular to shareholders, p.7 4.5 Adjustment to the market price of Alcom Shares There will be an adjustment to the market price of Alcom Shares listed and quoted on the Main Market of Bursa Securities pursuant to the Proposed Capital Repayment. For illustration purposes and based on the closing market price of Alcom Shares as at the LPD of RM1.40, the market price of Alcom Shares will be adjusted to RM1.195 pursuant to the Proposed Special Dividend, and further adjusted to RM0.875 pursuant to the Proposed Capital Repayment.
you look it at a too mathematically point and it become pointless..historically share will always go up when company declare dividend, bonus etc..that's where people emotionally attracted to share..and that's where you should take advantage of it..once the price go up, it's harder to get low price although the chance maybe there.. but, of course as investor you really need to look at the future prospect of business, the management vision, and all other FA if necessary..
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....
Wei Xidu
599 posts
Posted by Wei Xidu > 2017-05-17 22:58 | Report Abuse
Go go go Alcom~~~