(1) The rally on ASTRO's prices started mid May. Averagely, the prices have moved between 2.9 to 3.10 before settling at this level of RM3. Approximately 20sen capital gains in just one month, with an average price of RM3. Thus, capital gains of 6.7% per month (i.e. 20sen / RM3 = 6.7% gain in one-month)
(2) There will also be payout of 3 sen dividends (2 sen interim + 1 sen final) by July. So, if wait another one month, there will be another 1% dividend income.
So, by just holding on to ASTRO's shares and doing nothing in the span of 2 months, the punters would have gained 7.7% gains. Annualised, that would be (7.7% *12month/2) = 46.2% annualised income. And that's why the gwailo r buying this counter, besides being the index component stock.
But I think that u may have missed the genuine time to buy coz the trade now is really "made-up" by this group of punters who r inducing ppl to sell cheap to them... they r not really selling, but collecting ....
wanted to go into this counter but lost confidence in it since it delisted...what is the point for delisting and enlisting again. not suitable for long term player like me don't know when it'll decide to delist again.. Make up your mind and have a firm plan to gain back investors confidence!
This counter is not worth your time. Just shift to some other counter with more opportunity for returns. This is only a 10 sen share with poor dividents and many who were unlucky to get the IPO were trapped for quite sometime. Seriously investors should boycott Astro as the latter's business ethics is also low. Imagine their high-handedness, they removed ITV which was part of the astro beyond package, without so much as a notice.
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....
SANG-JERO
3,980 posts
Posted by SANG-JERO > 2013-06-13 10:39 | Report Abuse
trying my luck...good opportunity to increase holdings in ASTRO...looking at the volume this counter is almost cornered by the sharks...