Post Reply
1-6 of 6
Lee Metal all time high. Dividends payable 23May.
Hope continue 2.5c dividend at the yield of 6.8%. Austville project fully sold and on the way. Any views?
Just wanna will lee metal hit it all time high at 35cents before it release it result and dividen on 28Feb ...
Fy result out soon with good dividen expected....need to hold to enjoy dividen ..or treat it like reit ..give four times dividen per year
edwinjup ( Date: 29-Jan-2013 05:33) Posted:
|
How many lots you bought?
As global steel demand remain weak. Some steel traders register lower sales and profit but lee metal reverse the trends by focus on more high value fabrication pdts and local housing.projects. as hdb going to build more flat..the demand of this range of products will remain strong. Lee metal also team with ue for austville .ec but profits can only register next year after top.as lee metal give out dividen every three months...do expect a 1-1.5cents in Feb and total dividen is 2-2.5cents this year as profit will hit $20millions in fy 12. Yield remain attractive at 6.7-8.3at 30cents..vested
Lee metal gave 2-3 c as dividen for the past three year..based on thirty cents..the yield is between 6.7 to 10per cent..it .eps is around 4 cents...I expect austville which going to top mid next year will fully boost it profit..and we can expect more dividen next year...I am looking at 35-40cents...invest for mid term.only..no contra pls...feel like another wee hur..which I have calling for the past one year..and finally enjoy great profit