At current price 2.44, The average 5years payout ratio is 60%. Let's assume company will continue this payout ratio. 60% of 30.9EPS = 18.5sen , this is equivalent to 7.6% dividend yield
If taking 5% dividend yield(still better than FD), the stock price should value at $3.70 Dont you think this stock is undervalue? And this stock has consistently growth for past 4 years and this year profit has break 7years record high. Keep collecting some in every month.😁
Going by the past records the Co will most likely announce the next AGM earliest by Friday, 26.7.24 and latest by Monday, 29.7.24. One of the resolutions to be tabled will be declaration of a final dividend for FY2024.
The candlestick chart pattern shows a bullish gap up today accompanied by a relatively high volume. I hope the bullish momentum will sustain until the last cum dividend date.
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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....
k3nthiew
517 posts
Posted by k3nthiew > 2024-05-14 15:59 | Report Abuse
This giant still sleeping? Most property stock ran to sky high, SHL still like snail