I'm going to take a calculated risk with Signature. It's now near a major support, which should hold (if it doesn't, I'm cutting loss). There's a 6 sen dividend on 16 Dec.
Please read the report on p6 of today's Edge Financial Daily b4 you make next move. For the longest time I thought this was a great outfit, but it doesn't appear so from results and the performance of the share price.Maybe management needs to take a good hard look at their biz., the numerous competitors, their own skills to remain competitive, and maybe enrol at a good business school pronto.
I had read that item earlier. This drop today most likely is due to that warning by the CEO, and especially the last quarter's results. But I believe the market has now priced those in. More important is the support - if it holds, then this counter will build a new base at around this level.
The fact that it's a dividend-paying counter is an attraction. Especially if the price doesn't go south, and thereby discouraging the genuine investors (as opposed to "traders"). And the selling volume isn't too heavy today. But let's see how it goes tomorrow. There's still time to observe and make sure of the support level. Don't want to get a 6-sen dividend but with the counter dropping 0.15.
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....
crystal168
1,663 posts
Posted by crystal168 > 2015-12-08 07:38 | Report Abuse
http://www.theedgemarkets.com/my/article/sapurakencana-instacom-cb-industrial-eo-kub-cab-cakaran-cliq-energy-silk-signature-and-sws