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581-600 of 623
profit taking now as price been building up b4 profit announcement.
I think the support level is at around 0.465 - 0.47 and the after rights remain at 0.389 - 0.395 ! What I guess only.
I think at the same time as they state the alternatives for big investor who do not have that much money to take up their rights using hard cash, they can used the dividends proceeed to off-sets the subscribe of rights. This is what I interpret from the release document from hgmetal website. Good Luck !
hi knightrider, dividends will be paid out first then come with the rights issue or both at the same time??
This is based on the current support. After the rights support level, adjust price should be 0.389c to 0.39c.Good Luck.
immediate support looks to be at 48.5c.
so that means HG will benefit by providing steel works and products to the 2 IRs and also with the construction boom, i think this baby should be really a rough diamond!
CIMB-GK said it expects HG Metal to benefit from the stronger demand for steel plates from the shipping industry and the accelerated recovery of the local construction market, particularly when work begins on the integrated casino resorts and Singapore's other "mega" projects.
why today HG warrants performing better than the mother?
i am commenting on the hefty dividend this counter is offering. more or less, HG will behave like what K1 & Rotary is beheaving. whats wrong with using them as reference? i think u get too sensitive for nothing?
hi cashiertan, pls post in the right stock column. i am giving an insight to HG metal. Not K1 and ROTARY.
now got many dividend stocks with yield more than 10%. one is FJ, another is rotary and K1. anymore?
This baby has been offering goodies since 2004. bonus of 1 for 4 in 2004. Bonus of 1 for 3 in 2005. total net div for 2006 is 5.25c. This works out to be around 10% ++.Profit up 168% to $13.8m. For FA point of view, it is a "BUY" call. What say u shplayer?
Broker call, u call liao become broke..
take SG broker with a pinch of salt..
BROKER CALL - Singapore's HG Metal price target raised to 0.56 sgd - CIMB-GK
My estimate of the price is correct, it hit 0.515, now coming to 0.49 liao.
Based on the calculation of closed of S$0.465 before on the price of the rights. The after adjust price should be 0.389c to 0.39c. Maybe tomorrow will uptrend to around 0.5c to 0.51c. Good Luck.
On strong uptrend now... but TA people should avoid because of inconsistent volumes.
Every 5 lots get 2 rights, plus 4c per share dividend !!!
The post-effect of any Rights' issue will definitely has an impact on PE and NAV per share,thus causing the price of share to come down. But before the Rights' are over, the counter will be moving up, partly because of the 4 cts dividend it gives as well as investors' positive outlook on the stock per se.