Very weird. Usually people won't sold pending for dividend collection. 15 cents per share for 2.16 is a very decent yielding. What's happen? Who is selling?
queued at 2.14. The dividend yield followed by strong financial position is attractive to me. I believe for them to turnover to increase their profit,should be no problem,only a matter of time. Willing to hold with 7% dy. TP 2.50
Star lowest share price record last month was 2.14 (4 Feb 2014), and rebound strongly in next 3 days to 2.27 (7 Feb 2014). Star current share price already reach its bottom, and technically at rock solid support level now, awaiting for technical rebound with potential higher before the ex-entitlement for its 9sen TE final dividend on 26 Mar
Star currently under cost rationalization, to focus on digital , migrate from print to paper less digital will save cost input + VSS to cut labor cost + new office tower to rent out instead of self occupies + dividend at least 15-18sen (net dividend yield 7% - 8.4%)
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....
vioscity
375 posts
Posted by vioscity > 2014-03-11 22:12 | Report Abuse
looking forward to see the STAR uptrending ....