The drop was because of some people take profit of dividend, as dividend ex date was yesterday. Let's say they sell 100k units at 63 sen, they got rm1k dividend + share profit. If good result release, they will buy back as soon as possible.
Unlikely, but it is a good stock to hold for long term. Next year will be different. Profit up, more dividend. I think their direction is to be a dividend stock
For example, u buy 300 shares @0.60 , your cost is RM 180 after today's bonus issue price, the price adjust to 0.45, and u have 400 shares. 400x0.45= RM 180
i make a simple calculation for you la.. 37000x0.615 = RM22755 37000/3= 12333 bonus shares 37000+12333 = 49333 Shares 49333x0.460 = RM22693 49333x0.465 = RM22939 paper gain if the price reach 0.465
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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....
sunchaser
30 posts
Posted by sunchaser > 2019-08-27 16:25 | Report Abuse
Will give bonus shares and soon quarterly report released