Overall market sentiment is weak esp today after the Wall St sell-down. For companies with (strong) biz fundamentals viz-a-viz those blowing hot-air, it is good window of opportunity.
Nowadays you hardly find good analyst who can give a balanced-opinion, case in point is Cogent ..... when an interim dividend of 0.0313 per share was declared, I read and sigh myopic view(s) that the comment was "do not expect similar interim dividend in future" ...... without knowing the perspective and background ie this $0.0313 dividend should be interpreted as "catch-up" dividend since none was declared for previous FY as Mgm was juggling the cashflow & the immediate biz investment.
And now that it is declared (during this half-year cycle), to equate 0.0313 over an 18 months duration is nearly $0.021 per share annualised ... and a decent 2.6% yield if taking a notional price of $0.805
Overall market sentiment is weak esp today after the Wall St sell-down. For companies with (strong) biz fundamentals viz-a-viz those blowing hot-air, it is good window of opportunity.
Nowadays you hardly find good analyst who can give a balanced-opinion, case in point is Cogent ..... when an interim dividend of 0.0313 per share was declared, I read and sigh myopic view(s) that the comment was "do not expect similar interim dividend in future" ...... without knowing the perspective and background ie this $0.0313 dividend should be interpreted as "catch-up" dividend since none was declared for previous FY as Mgm was juggling the cashflow & the immediate biz investment.
And now that it is declared (during this half-year cycle), to equate 0.0313 over an 18 months duration is nearly $0.021 per share annualised ... and a decent 2.6% yield if taking a notional price of $0.805
Anyone loading?
Reply to @smallfry : already load at 73.5 when everyone fear it drop further. lucky enough to catch the btm
this one still steady in a sea of red