Win Win, for the % of dividend vs the current price, a lot of investors will be collecting towards August. for the 3mths up to Oct if they do a flip, its more than FD which pays 3.15% per annum and this will pay 3.5% for 3-4 mtgs which is 3 to 4 times what you will earn a year in FD.
L&G is currently trading at a PE of less than 4.5. There is really no logic for this to happen as the prospects for maintaining its earnings are still bright. What is more a 2 sen dividend is in the pipeline. Big time investors may suddenly decide to re-rate this cash rich counter one day, you never know.
So far only about 100 million new shares have been issued since Oct last year due to conversion of ICULS. The total number of shares issued increases by just under 20% , so theoretically L&G's EPS should decrease by just under 20% as well assuming the company has not made use of the additional fund to make more money.
i am anticipating base on normal practice, now I am arbitraging the gap, expect to have at least 5 to 6 rounds before I hold for ex-dividend, now I am in the process of 3rd round .
August will be good mth 1) World Cup ended 2) Anticipation of financial results 3) cheap stock at low PE - Penny stock will be in the game again 4) it will be double flair fr Aug with financial and dividend date expected to be announce 5) investors will be looking for trading buy on this one up uo October
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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....
cyphua
976 posts
Posted by cyphua > 2014-07-03 18:46 | Report Abuse
I also small fish, please continue up down until Oct 2014.