brendon, this is one of most stable stock, dividend exceeds 1K annualy for more than 10 yrs now. Paid up capital of only 60M shares. Wait for it drop back to below 22 if you want to buy to keep.
horseman, Panamy is a small cap stock with only 60M plus shares, in other words not a liquid counter, or very little free floating shares therefore very little buying and selling.
Panamy is stable good stocks for good dividend. I have been holding for 5 years now with initial lot at RM11.30 and bought last year another lot for RM26.00. Averaging it to RM18.65. Already pocketed more than RM8k dividend.
ktsk, I have been holding it for more than 10 years now, bought 2000 shares at RM9.20. Its a good dividend stock but slow on growth. Personally will not buy it above RM 20. However do look forward it a 4 figure dividend each year.
Dont dream! Every times I made an enquiry to the corporation investor relation, they will reply on my query, but when I refer my query to PANAMY investor relation about dividend issue, they kept silent! OH money in PANAMY!!!!
I think most investors are dissapointed with the 58cents div....coz they used to compare the current div with the div history. Anyway...with the risks you face in the stock market. Now, panamy only manage to pays the annual dividend(15cents + 58cents) around the FD rates.
Agm should be some where in Aug, anybody here attend the agm please question the management why pay so less dividend while the net profit was increase by 7.58%
Disapointed this time around with the low dividend of 58 sen plus the interim of 15sen making the whole year of 73 sen. Which translate to almost FD rate based on current price of 22.00++.
Could it be the company announcing bonus shares perhap 1 for 20 as special bonus.......................which i am dreaming for. Could it happen?
Good biz that subjected to Government intervention better take it private rather than being mopped up the shares from the market and later controlling it like what happened to SP Setia as another living examples.
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....
brendonyeap
1,648 posts
Posted by brendonyeap > 2014-03-01 21:05 | Report Abuse
Is it safe to buy this stock, while noting that Mitsubishi kept selling it?>