That's why market condition has to improve . Even at 25c, PE is only at around 12x which is reasonable . Wait till they start paying more dividends. Should attract investors.
Go and read the second quarter results lah. Already net cash position. There is no consistency in their dividend policy. They may not even have any dividend policy.
Looking at the price chart for the last 5 years, one would have to be a trader to make a profit from it. As someone pointed out earlier, most of the dividends will go back to the directors. Also directors talk and action completely opposite.
guys, why waste time argue dividend? the dividend yield at this price is only 1.54% ... is much lower then FD ... so if want dividend stock, go buy other stocks.
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....
Johnny Mah
615 posts
Posted by Johnny Mah > 2015-08-18 11:25 | Report Abuse
maybe just a warming up? Worst yet come?