CNY Ang Pao – COMCORP
CNY Ang Pao - COMCORP (Next Action)
BensonAng
Publish date: Fri, 26 Jan 2018, 01:55 PM
BensonAng
0 3
COMCORP Shareholder Meeting passed the distribution of Special Cash Dividend RM0.45 per shares on 15/1/2018 and targeted completion of this exercise by end of January 2018.
Expected announcement of entitlement date for Special Cash Dividend within this few days.
How market react when Company announced distribution of Special Cash Dividend in past records?
REV – Announced ex date for Special Cash Dividend RM0.44 on 2/8/17 (closing price RM0.735) gone up to RM
Expected announcement of entitlement date for Special Cash Dividend within this few days.
How market react when Company announced distribution of Special Cash Dividend in past records?
REV – Announced ex date for Special Cash Dividend RM0.44 on 2/8/17 (closing price RM0.735) gone up to RM
This morning panic selling given a golden oppununity to buy COMCORP and enjoy RM0.45 Cash dividend at much cheaper cost. Bursa clasiffied COMCORP as PN17 counter is due to Company sold the core business and not because of financial problem.
Today afternoon annoucement by COMCORP stated "The Board of Director wish to clarify COMCORP is not regarded as PN17 Company but is an affected listed issuer in Main Market Listing Requirement".
REV announced completion of business disposal on 1/8/17 and announced ex date for special cash dividend on 2/8/17. REV shares price rose from RM0.735 to RM0.95.
So what is the next action?
Buy and hold COMCORP, annoucement of ex date for Special Cash Dividend RM0.45 will be on today after 5pm.
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