GEM dividend good Although the capital of the GEM than the motherboard comes little, but some companies in 2011 can still hand in dazzling transcripts, or even pay a dividend to reward shareholders. Listed in August 2010, the Long March Holdings (SCC, 0158, GEM), is the champion of the 2011 GEM dividend king announced the payment of a dividend of 6.50 cents. The fiscal year ended December 31, 2011, the company achieved 5.204 million ringgit net profit of RM 35.624 million turnover. The runner-up position from the semiconductor field of LNG resources (LNGRes, 0025, GEM) in the fourth quarter dividend of 2 cents, accumulated throughout the year up to 3 cents; runner-up Al software (ELSoft, 0 090, GEM) won the single quarter and full year dividend payments were 1 cents and 2 cents. One, despite the OPCOM holding (OPCOM, 0 035, GEM) most recent quarterly dividend payments, the cumulative first three quarters of the group has distributed a dividend of 24.5 cents per share, the GEM companies to distribute the highest dividend.
The company's performance improved in recent months due to New subsidiary "Oriental Fastech a Penang based engineering company" been injected into the company (ie backdoor listing). The new shareholder now is founder of Oriental and recently another Dato from Penang also acquired a major stake (~20%) in the company. I think performance wise this company is doing a OK job but I buy in to this company is in view of possible major announcement by the company..... still try to get some inside of what will the new management do in near to mid term.
If LNGRES can give yearly dividend at least 2 cents provided good financial results, convert to DY is about 7.4% based on current share price, 27 cents which is much better than FD & even EPF!
I think the new management want to keep their cash for future business expansion rather than declaration of dividend. And also I'm quite optimistic about LNGRES's FY2014 financial result will be better than last year.
The big players are parking huge lots of LNGRES shares at 28 & 28.5 cents to block it moving up so that they can accumulate more LNGRES shares at lower price. It will be coming soon, so just wait patiently.
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....
kcfan
1,881 posts
Posted by kcfan > 2012-06-08 00:33 | Report Abuse
High performance of dividends stocks