on 26/5/2016 when the Q1 of 2016 results was announced, there was no interim dividend declared. The final dividend for 2015 had not gone ex. Same case as in Q1 of 2017 except that the released results clearly showed an interim dividend.
When rgb share will come out of 0.28 0.285.. why its so hard to breack that level?..income is good,, market is good.. i guess once divident is payed, share will go up further..
Baring any big crisis or bad news. 0.28 is its strong support. couldn't go any lower, 2nd n 3rd q is rgb strongest quarter, this q late delivery will contribute to the nex few q. Not hard sell , its the fact
Precisely, even RGB publish the good news now, won't help to push the stock price up. They will publish the news when the timing is available. I keep on collecting 500 lots at each bids drop from $0.30 to $0.275. Now I have 250k shares now at average price bought in at $0.2875.
Remember next 2 qtr is rgb's strong qtr. q2 n 3 is usually strong in this 3 years. And for q1 revenue decrease due to shipment delay will contribute in q2. At q3, thy will anoouced wheter south america market is tapable or not. The trial run will be untill sept.
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....
MATB
609 posts
Posted by MATB > 2017-06-23 18:26 | Report Abuse
4/2016 and 4/2017 RGB also announced dividend. This is RGB pattern