I once bought Century Bond (CB) at 50 cents. CB was giving a nice 10% dividend then. But I sold too early at 80 cents (up 60%). After selling CB its share price doubled again.
CB also stands for Cement Bags. Yes, Century Bond is supplying cement bags for all major cement manufacturers. So it should be Ok. The only thing is this. Century Bond has reduced its dividend a lot. So a better buy would be Opcom now. Opcom expected to give at least 20 cents Special dividend. So better switch CenBond to Opcom for better dividend.
Mark Mobius said in Bull Market we must buy bad stocks but in bearish market we must buy good stocks.
Both BJ Corp & MP Corp are depressed in prices. If you have 3 to 5 years holding power. Then both Ok. But better go defensive now. A better buy for now would be Opcom as it is debt free & with Rm200 mil job already in the bag - a sure 20 special dividend is already written on the wall.
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....
soros228
2,039 posts
Posted by soros228 > 2015-07-03 14:20 | Report Abuse
Can enter ?
TP?