Technically speaking, this counter tends to have a susbstantial price surge in the middle of year, probably from May to July. Just curious if this will have the same price pattern as predicted in this year.
This stock, before announcement of dividend will push until near ex-date. My advice is to sell before ex-dividend or else will regret. You may check the history of this stock, its always like that. The boss's style is throw at you cum-dividend and buy back from you ex dividend at a lower price. my 2 cts.
Shrinking profit primarily resulted by the declining sales could be the challenge for the company's management ahead. Firstly, the government's intension to open up the automobile market in Malaysia will lead to negative impact on locally-produced automobile. As both Perodua and Proton are the major customers to SAPIND, this inevitably influences the earming prospect of SAPIND. The dividend announcement should be amde around these days. If there is no annoucenemnt at all, then the stock price is expected to perform "side-ways" in the following quarter until any positive news is released.
Why did Sapura Holdings Sdn Bhd transfer all the shares it owns to the founder, Tan Sri Dato' Seri Ir. Shamsuddin bin Abdul Kadir? Any implication in between?
The price escalates to one-month high just within one hour. Probably, the board is going to make the dividend announcement soon, next week maybe. Shamsuddin, the founder and father (if I have not mistaken) to the current company's chairman, retired last year. I think the share transfer (yesterday) was intentional and will give him a windfall reward as a token of appreciation to his service in the company since establishment.
No dividend will be paid as the profit shrinks substantially for fiscal year 2012. Forget about it and see other counters.
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Posted by Awesome > 2013-04-15 14:04 | Report Abuse
june?