(22-10-2018, 12:09 AM)lavue Wrote: I previously wondered out loud how would the share price trend if the dividends dipped down to the FY2012 levels of 1.2 cents per share. Well it looks like hindsight has decided that for us. For FY 2017 and 2018, the DPS dipped to 1.0 cents. From a previous high in excess of 30 cents, the share price is now languishing at the 20~ cents level. That's a decline of 33% - not great news for investors who bought in during the 2014-2016 period.
I wonder how the prospects are like for this company moving forward. Any inputs from the Value Buddies out here?
I extracted the historics from yahoo for price@ close + volume for the past 2 yrs.
There are 502 data pts - the starting date is 24Oct2016 with price of 28.5c, and the last date is 19Oct2018 with price of 21c.
Here are some statistics:
1. Out of 502days, only 104 days saw transactions.
2. A total of 3.08mio shares were transacted over 2yrs when total no of shares in coy is 102mio. i.e. 3% of total no shares turned over for past 2yrs.
3. The total monetary value of transactions i.e. sum of daily (volume*price) = $747k i.e. $747k worth of selling was enough to cause a 26% drop in share price over 2yrs.
I will suggest the main pblm with the share price is a lack of liquidity, lack of investor interests (which can be a pblm if u are trying to get in or out) and perhaps a couple of very panicky investors.
As an aside, that is also why one has to take technical analysis with a large pinch of salt.
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