
Well... expert opinion on what position to take given the current market volatility... technical, fundamentals is one thing but sentiment rules all.
Hold on and take div; cash out and take profit which is not much, given average price of $0.435, a $0.02 profit over current price of $0.455; cash out half and keep half to gamble on the XD..What is your expert take?
thanks
What kind of guidance you are looking for?
Your theory is pretty good.
novicetrader ( Date: 06-Jul-2010 15:28) Posted:
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I would appreciate any guidance here regarding this counter.
XD is day after tomorrow. $0.04 div.
I would expect the price to move up these past few days leading to the XD but the price fluctuates between $0.445 to $0.455.
At at this point in time, 3.21pm, 1691 queue to buy at $0.45 and 1469 queue to sell at $0.455. The only rationale to this is that the 1469 on queue to sell probably bought at a low price and is willing to let go at $0.455 for a profit and are not willing to take a gamble on the div on the XD, and that the 1691 queueing to buy believes there is more upside to this counter or are willing to take a gamble with the div on the XD. Sounds simple but there may be more to it, hence would appreciate any expert opinion.
1113000 ? how do u find tat out?
u juz invested some today, a long wait at 0.45
normally i wont invest 1 so near to giving out dividend
but based on tt target price n amt of dividend
worth it to gif it a risk
im holding to tt end of tt yr, hoping it hit near tt target price n juz collect tt dividend
Sorry wht does record date means? n so juz as long as u sell after tt xd date u will recieve tt dividend rite?
At this point in time 1113000 lots on queue at S$0.45.
I believe there will be plenty of play these few days leading to the XD.
Another carrot that is being dangled is the S$0.028 div in August after XD on 8th of July. Plus the S$0.012 before end of their FY.
Your guess is as good as mine in this volatile market as to where the prices will be heading to after the XD.
You should know that we are very close to the XD date.
There are many people, who are like you, wanting to off-load this counter before the XD date.
Some are desperate and are willing to sell-off at whatever price the market is willing to Buy.
If there is no market rally within the next 2 days, the price will hover between 0.445 and 0.455.
You have 3 choices.
1. Sell now at whatever price the market is willing to take.
2. Hope for a rally within this 2 days and sell on the rally. You should know that even if there is a rally, there is no guarantee that the price will goes above 0.45.
3. Forget about selling and take the Dividend instead.
Please note this is my personal view, you invest at your own risk.
Good luck to you.
tea444u ( Date: 05-Jul-2010 15:10) Posted:
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don't know... my queue at .45 since early morning, are not done yet... please sell it... if you don't mind...
tea444u ( Date: 05-Jul-2010 15:10) Posted:
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True, that only applicable to stable income company...
let see how Starhub perform... think the quarterly dividend might kill their stock price soon....
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alexchia01 ( Date: 05-Jul-2010 12:00) Posted:
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This is great for shareholders, but not practical for the company.
They need to spend lots of work, time and money to give Dividend Quarterly.
I rather they spend the resources generating more profits and give a Sizable Dividend Half Yearly or Yearly.
alooloo ( Date: 05-Jul-2010 11:48) Posted:
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novicetrader ( Date: 05-Jul-2010 07:15) Posted:
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TP by Philips Securities is S$0.53. Also there is another div in August for S$0.028. I saw in some write ups that total div for FY10 will be about S$0.08 which means that there will be another div before financial year end of S$0.012.
All in all excellent div payout for a S$0.455 counter.
Under normal circumstances, the price should be shooting up...however with the present volatility, tread with care.
so wht u ppl tnk ? still worth it to enter tis counter now?
fro wht i c it might still be worth it
wif tt dividend, tt future target price minus tt expected drop after XD (assume not a too big drop)
Philip giving it a target price of 50 cents plus